Berenberg reiterates its 'buy' recommendation and price target of 139 euros on GTT (Gaztransport and Technigaz), the day after taking part in a roadshow with the engineering company's executives in London.

From this meeting, the broker notes that demand for LNG carriers remains strong, that shipyard capacity is likely to grow, and that innovation could support future revenues.

According to Berenberg, GTT shares are trading on P/E (price to EPS) and dividend yield ratios that are 'relatively cheap, given GTT's 100% market share and very high revenue visibility'.

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