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Iren S.p.A. ( (IT:IRE) ) has shared an announcement.
Fitch Ratings has upgraded Iren S.p.A.’s senior unsecured debt rating from ‘BBB’ to ‘BBB+’ and its hybrid bonds to ‘BBB-‘, following an improvement in Italy’s Long-Term Issuer Default Rating. This upgrade reflects a reduced risk on Iren’s debt instruments, particularly given the company’s strong presence in regulated utility sectors, enhancing its investment appeal.
The most recent analyst rating on (IT:IRE) stock is a Buy with a EUR3.00 price target. To see the full list of analyst forecasts on Iren S.p.A. stock, see the IT:IRE Stock Forecast page.
More about Iren S.p.A.
Iren S.p.A. operates in the utilities sector, focusing on providing essential services such as electricity, gas, and water. The company is a significant player in the Italian market, with a substantial portion of its earnings derived from regulated activities.
Average Trading Volume: 1,049,519
Technical Sentiment Signal: Buy
Current Market Cap: €3.33B
For an in-depth examination of IRE stock, go to TipRanks’ Overview page.