ENXTPA:ALOMachinery
Alstom (ENXTPA:ALO) Could Be 26% Below Fair Value As Virgin Rail Project Advances
Virgin Atlantic’s planned rail venture with Virgin Trains has moved forward after securing approval for 20 daily services between London and the Continent, with Alstom (ENXTPA:ALO) supplying 12 new high-speed trains.
For Alstom, this Virgin contract arrives during a mixed period for investors, with the latest share price at €16.18 and a 1-week share price return of 2.41% that contrasts with a year-to-date share price decline of 37.02% and a 1-year total shareholder return down 22.32%. This...