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An announcement from Intercos S.p.A. ( (IT:ICOS) ) is now available.
Intercos S.p.A. has initiated a program to repurchase up to 4% of its own ordinary shares, with a maximum investment of 56 million euros. This move, approved by the Board of Directors, aims to support the company’s incentive plans and manage its securities warehouse. The program will be executed by Intermonte SIM S.p.A. and is subject to regulatory compliance, with a prohibition on trading the company’s stock during certain financial reporting periods. Additionally, Eng. Vittorio Brenna has been appointed as the interim Group Chief Financial Officer.
The most recent analyst rating on (IT:ICOS) stock is a Hold with a EUR12.00 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.
More about Intercos S.p.A.
Intercos S.p.A. is a leading global business-to-business operator in the cosmetics industry, specializing in the creation, production, and marketing of makeup, skincare, hair, and body treatment products. Founded in 1972, the company serves major national and international brands, emerging brands, and retailers in the beauty sector, with a workforce of over 6,000 employees, 11 research centers, 16 production plants, and 16 commercial offices across three continents.
Average Trading Volume: 77,203
Technical Sentiment Signal: Sell
Current Market Cap: €1.1B
For detailed information about ICOS stock, go to TipRanks’ Stock Analysis page.