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An announcement from SBE-Varvit S.p.A. Class A ( (IT:VARV) ) is now available.
SBE-Varvit S.p.A. has announced the conversion of 491,624 shares with multiple voting rights into ordinary shares, effective June 30, 2025. This conversion aligns with the company’s strategy to streamline its share structure, potentially enhancing its market positioning on the Euronext Growth Milan market.
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 engaged in the production, distribution, and commercialization of a diverse range of fastening components such as screws, bolts, nuts, and highly engineered mechanical components. The company focuses on disintermediating the production and distribution process to minimize the role of distributors and operates in various markets including agricultural machinery, construction machinery, and wind power. SBE-Varvit has production units in Italy and Serbia and automated warehouses in Italy, Serbia, and the United States.
Average Trading Volume: 11,843
Technical Sentiment Signal: Strong Buy
Current Market Cap: €711.4M
For detailed information about VARV stock, go to TipRanks’ Stock Analysis page.