Kepler ups Getlink to 'buy' on M&A appeal, generous dividend

Getlink SE

01/04/2026 11:12

** Kepler Cheuvreux raises French railway operator Getlink GETP.PA to "buy" from "hold," citing strong merger appeal and higher long-term dividend forecasts

** The brokerage says recent stake increases by main shareholders Mundys and Eiffage add significant credibility to potential takeover scenarios

** Kepler says it "would not at all be surprised by a bid for the entire company in the medium term", despite shareholders stating no immediate intent for control

** The broker raises its PT by 24% to EUR 21.40 following the management's recently announced long-term growth ambitions, highlighting an "unashamedly generous dividend path over 2026-2030"

** Out of 17 analysts that cover Getlink, nine rate the stock "strong buy" or "buy", ​five "hold" and three​ "strong sell" or "sell" - LSEG data

(Reporting by Clement Martinot)

((Clement.Martinot@thomsonreuters.com;))