US EditionCiti Grants a Record Valuation to Ferrovial
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Ferrovial’s quote for the first time exceeded the 45 euros per share barrier last Friday, and in today’s session it receives an extra push from Citi. The bank has boosted its Ibex company’s valuation by 21%, to set a record target price on value. Read
"The strong price dynamics and the profitability of the main assets" shown in their results "support the expectations of improving the Free Cash Flow (FCF)", they argue from the American bank to justify its higher valuation. "The structural attractions of the group's main asset portfolio, composed of the Canadian highway 407 ETR and the highways managed in the US, with a strong price dynamics, a healthy growth of traffic and long-term features, …
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