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SBE-Varvit S.p.A. Class A ( (IT:VARV) ) just unveiled an announcement.
SBE-Varvit S.p.A. has announced a change in its share capital structure following the conversion of multiple voting shares into ordinary shares. This adjustment reflects the company’s strategic move to streamline its shareholder structure, potentially impacting its market positioning and stakeholder dynamics. The updated shareholder composition will be available on the company’s website once the registration is complete.
The most recent analyst rating on (IT:VARV) stock is a Sell with a EUR7.40 price target. To see the full list of analyst forecasts on SBE-Varvit S.p.A. Class A stock, see the IT:VARV Stock Forecast page.
More about SBE-Varvit S.p.A. Class A
SBE-Varvit S.p.A. is a company involved in the production, distribution, and marketing of fastening components such as screws, bolts, and nuts. The company operates with an integrated and vertical business model, minimizing the role of distributors to shorten the distance between producers and customers. It serves over 5,000 customers across various industries, including agricultural machinery, industrial machines, and wind energy, with production units in Italy and Serbia.
Average Trading Volume: 11,843
Technical Sentiment Signal: Strong Buy
Current Market Cap: €711.4M
For an in-depth examination of VARV stock, go to TipRanks’ Overview page.