Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
SBE-Varvit S.p.A. Class A ( (IT:VARV) ) just unveiled an update.
SBE-Varvit S.p.A. announced the conversion of 491,624 multiple voting shares into ordinary shares as part of an acquisition agreement with VGV S.r.l. This move, effective from June 30, 2025, reflects the company’s strategic efforts to streamline its share structure and enhance liquidity in the market. The newly converted ordinary shares are now admitted to trading on the Euronext Growth Milan, potentially impacting the company’s market positioning and shareholder value.
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 involved in the production, distribution, and marketing of a diverse range of fastening components, such as screws, bolts, nuts, and mechanical components with high engineering content. The company focuses on disintermediation in its business model, aiming to minimize the distance between producer and final customer. It serves over 5,000 customers across various industries, including agricultural machinery, industrial machinery, and infrastructure, operating through multiple production units in Italy and Serbia, as well as automated warehouses in Italy, Serbia, and the United States.
Average Trading Volume: 11,843
Technical Sentiment Signal: Strong Buy
Current Market Cap: €711.4M
See more data about VARV stock on TipRanks’ Stock Analysis page.