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Indel B S.p.A. ( (IT:INDB) ) has provided an update.
Indel B S.p.A. announced the purchase of 2,276 of its own shares on Euronext Milan as part of a share buyback program approved by its shareholders. This move, involving a total value of Euro 43,929.15, is part of the company’s 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 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 company listed 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 sector, serving the automotive, leisure, and hospitality industries. Indel B also operates in mobile air conditioning, focusing on commercial vehicles, minibuses, ambulances, agricultural and earth-moving machines, and cooling appliances like wine cellars and small refrigerators.
YTD Price Performance: -12.21%
Average Trading Volume: 2,287
Technical Sentiment Signal: Strong Sell
Current Market Cap: €109.9M
For an in-depth examination of INDB stock, go to TipRanks’ Overview page.