RBC announced on Tuesday that it had initiated coverage of Vinci shares with an 'outperform' rating and a price target of 130 euros, judging the construction giant's share price to be at a discount despite the catalysts from which it could benefit.

In a study devoted to concession players, the Canadian broker believes that the French group still has significant potential for value creation.

We believe that the quality of Vinci's construction businesses is only improving (under the effect of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio", explains the broker.

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