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Indel B S.p.A. ( (IT:INDB) ) just unveiled an announcement.
Indel B S.p.A. has announced the purchase of 1,539 of its own shares, representing 0.026% of its total ordinary shares, as part of a share buyback program initiated by the Board of Directors. The transaction, conducted on Euronext Milan, reflects the company’s strategic move to consolidate its shareholding, potentially enhancing shareholder value and signaling confidence in its market position.
The most recent analyst rating on (IT:INDB) stock is a Hold with a EUR21.00 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 publicly listed company on the EXM segment of Borsa Italiana, controlled by AMP.FIN S.r.l., and owned by the Berloni family. The company leads a global group with 50 years of experience in the mobile refrigeration and air conditioning sectors, catering to the automotive, leisure, and hospitality markets. Its products include mobile refrigeration systems, air conditioning units for commercial vehicles, and cooling appliances like wine cellars and small refrigerators.
YTD Price Performance: -10.38%
Average Trading Volume: 2,866
Technical Sentiment Signal: Sell
Current Market Cap: €112.2M
Learn more about INDB stock on TipRanks’ Stock Analysis page.