Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
Investing.com - UBS initiated coverage on Gaztransport & Technigaz (EPA:GTT) with a Buy rating and a price target of EUR190.00, representing approximately 25% upside from current levels.
The engineering company holds a dominant position in containment systems for LNG carriers (LNGCs) and is positioned to benefit from projected growth in global LNG volumes, which UBS expects to increase by 42% between 2024 and 2030.
GTT’s proprietary membrane technology and the high barriers to entry in its market should enable the company to capitalize on industry expansion, with UBS forecasting a 60% revenue increase for GTT by 2030.
UBS anticipates that project Final Investment Decisions (FIDs) over the next 12-18 months will drive new orders for GTT, following what it describes as a quieter period during 2024 and the first half of 2025.
The firm believes these upcoming project decisions will support GTT’s share price performance after the current slower order period concludes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.