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Reway Group SpA ( (IT:RWY) ) just unveiled an update.
Reway Group’s subsidiary, Gema, has secured a significant contract worth approximately 30 million Euros for the extraordinary maintenance and renovation of the Florence Santa Maria Novella and Bologna Centrale railway stations. This contract, awarded by Grandi Stazioni Rail S.p.A., is part of a four-year framework agreement and involves Gema’s participation in a consortium with a 49% share. The new contract enhances Reway Group’s order portfolio to 1.399 billion Euros, highlighting its strong position in the railway sector and its ongoing expansion in infrastructure maintenance.
The most recent analyst rating on (IT:RWY) stock is a Buy with a EUR8.30 price target. To see the full list of analyst forecasts on Reway Group SpA stock, see the IT:RWY Stock Forecast page.
More about Reway Group SpA
Reway Group S.p.A. is the largest Italian operator specializing in the rehabilitation and maintenance of road and highway infrastructures. It is the only company in Italy that includes railway network maintenance as part of its core business. Founded in 2021, the company operates through subsidiaries such as M.G.A. S.r.l., Gema S.p.A., and Vega Engineering S.r.l., focusing on various aspects of infrastructure maintenance and engineering. Reway Group employs over 600 staff and manages a fleet of over 300 operational vehicles.
Average Trading Volume: 7,145
Technical Sentiment Signal: Buy
Current Market Cap: €280.1M
For an in-depth examination of RWY stock, go to TipRanks’ Stock Analysis page.