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Convergenze SpA Societa Benefit ( (IT:CVG) ) has provided an announcement.
Convergenze S.p.A. Società Benefit has announced the purchase of 3,000 of its own shares, valued at 5,760.00 Euro, as part of a previously approved program. This acquisition, conducted through Integrae SIM S.p.A., increases the company’s total ownership to 167,000 shares, representing 2.227% of its share capital. The move reflects Convergenze’s ongoing strategy to manage its share capital effectively, which may impact its market positioning and stakeholder interests.
The most recent analyst rating on (IT:CVG) stock is a Buy with a EUR4.25 price target. To see the full list of analyst forecasts on Convergenze SpA Societa Benefit stock, see the IT:CVG Stock Forecast page.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the Telecommunications and 100% green Energy sectors. Established in 2005 in Capaccio Paestum, the company offers internet and fixed-line services and has expanded into the energy sector, trading electricity from renewable sources and natural gas. It operates nationwide with its patented EVO network for electric vehicles and a proprietary fiber optic network. Convergenze is committed to sustainability and corporate social responsibility, having become a Benefit Corporation and B-Corp, promoting an inclusive and regenerative economic system.
YTD Price Performance: 8.72%
Average Trading Volume: 14,154
Technical Sentiment Signal: Buy
Current Market Cap: €14.02M
For an in-depth examination of CVG stock, go to TipRanks’ Stock Analysis page.