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Indel B S.p.A. ( (IT:INDB) ) just unveiled an announcement.
Indel B S.p.A. announced the purchase of 1,470 of its own shares on Euronext Milan, as part of a buyback program initiated by the company’s Board of Directors. This move, involving a total expenditure of Euro 29,501.20, is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (IT:INDB) stock is a Hold with a EUR20.00 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 company listed on the EXM segment of Borsa Italiana, controlled by AMP.FIN S.r.l., and owned by the Berloni family. It operates globally in the mobile refrigeration sector for automotive and leisure time markets, as well as the hospitality sector. The company is also involved in mobile air conditioning, focusing on commercial vehicles and other specialized vehicles, and in cooling appliances, including wine cellars and small refrigerators. Indel B has a market capitalization of approximately Euro 117 million.
YTD Price Performance: -7.42%
Average Trading Volume: 2,643
Technical Sentiment Signal: Hold
Current Market Cap: €115.9M
See more insights into INDB stock on TipRanks’ Stock Analysis page.