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Indel B S.p.A. ( (IT:INDB) ) has shared an update.
Indel B S.p.A. has announced the purchase of 650 of its own shares, representing 0.011% of the total ordinary shares, as part of a share buyback program approved earlier this year. This move, executed on Euronext Milan and facilitated by Intesa Sanpaolo, reflects the company’s strategic efforts to manage its equity structure and potentially enhance shareholder value.
The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR22.00 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 and is controlled by AMP.FIN S.r.l., owned by the Berloni family. The company leads a global group with 50 years of experience in the mobile refrigeration sector, catering to the automotive, leisure time, and hospitality industries. It also operates in the mobile air conditioning sector, focusing on commercial vehicles and machinery, and in the cooling appliances sector, producing wine cellars and small refrigerators.
Average Trading Volume: 2,914
Technical Sentiment Signal: Hold
Current Market Cap: €114.8M
For an in-depth examination of INDB stock, go to TipRanks’ Overview page.