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Iveco Group NV ( (IT:IVG) ) has provided an update.
IDV, a brand under Iveco Group, has secured a contract to supply 785 logistical military vehicles to the Dutch Armed Forces, with an option for an additional 785 vehicles. This contract strengthens IDV’s partnership with the Dutch Ministry of Defense and aligns with its strategic growth objectives, enhancing its position in the defense sector.
The most recent analyst rating on (IT:IVG) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on Iveco Group NV stock, see the IT:IVG Stock Forecast page.
More about Iveco Group NV
Iveco Group N.V. is a conglomerate of specialized brands, each leading in its industrial sector. It includes IVECO, known for commercial vehicles, FPT Industrial for propulsion technologies, IVECO BUS and HEULIEZ for transportation buses, IDV for defense and civil protection vehicles, ASTRA for heavy vehicles, and IVECO CAPITAL for financial services. The company employs 36,000 people globally, operating 19 industrial sites and 30 R&D centers.
Average Trading Volume: 2,351,481
Technical Sentiment Signal: Buy
Current Market Cap: €5.39B
See more data about IVG stock on TipRanks’ Stock Analysis page.