Grupo Ferrovial "buy"

01/02/07 - Ibersecurities

LONDON, January 1 (newratings.com) - Analysts at Ibersecurities maintain their "buy" rating on Grupo Ferrovial SA (GOP). The target price is set to €80.5.

In a research note published this morning, the analysts mention that the company has announced the sale of its real-estate subsidiary, Habitat. Grupo Ferrovial is also expected to acquire a 20% stake in the new Habitat group, the analyst says. These transactions are likely to result in capital gains for the company and reduce its debt liabilities, Ibersecurities adds.