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An update from Pasquarelli Auto SpA ( (IT:PSQ) ) is now available.
Pasquarelli Auto S.p.A. has announced the acquisition of a 67% stake in Sesto Autoveicoli S.p.A., a key player in the Milanese automotive market and a historic partner of the Volkswagen Group. This strategic move aims to strengthen Pasquarelli Auto’s presence in Northern Italy, particularly in Lombardy, which is a significant region for car registrations. The acquisition is expected to enhance operational efficiency and service offerings through synergies between Pasquarelli Auto and Sesto Autoveicoli, positioning the company as a leading reference in the national automotive sector.
The most recent analyst rating on (IT:PSQ) stock is a Buy with a EUR3.75 price target. To see the full list of analyst forecasts on Pasquarelli Auto SpA stock, see the IT:PSQ Stock Forecast page.
More about Pasquarelli Auto SpA
Pasquarelli Auto S.p.A. is a mobility provider engaged in the trade of new and used cars and commercial vehicles, offering short, medium, and long-term rentals, as well as assistance and sale of spare parts. The company is listed on Euronext Growth Milan and focuses on expanding its presence in the automotive sector across Italy.
Average Trading Volume: 16,250
Technical Sentiment Signal: Sell
Find detailed analytics on PSQ stock on TipRanks’ Stock Analysis page.