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Indel B S.p.A. ( (IT:INDB) ) has issued an announcement.
Indel B S.p.A. announced the purchase of 2,800 own shares as part of its share buyback program, representing 0.048% of its total ordinary shares, at an average price of Euro 18.9977. This move, executed on Euronext Milan, reflects the company’s strategic efforts to manage its share capital, potentially impacting its market valuation and shareholder value.
The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.
More about Indel B S.p.A.
Indel B S.p.A. is a company listed on the EXM segment of Borsa Italiana, controlled by AMP.FIN S.r.l. and owned by the Berloni family. It leads a global group active for 50 years in mobile refrigeration and air conditioning systems for the automotive, leisure, and hospitality sectors. The company specializes in products such as commercial vehicle air conditioning and cooling appliances like wine cellars and small refrigerators.
YTD Price Performance: -14.49%
Average Trading Volume: 3,116
Technical Sentiment Signal: Sell
Current Market Cap: €107.1M
See more insights into INDB stock on TipRanks’ Stock Analysis page.