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The latest announcement is out from Webuild SpA ( (IT:WBD) ).
Webuild has secured a €1.6 billion contract for the construction of the Santomarco Tunnel on the high-speed railway line between Salerno and Reggio Calabria. This project, which includes the doubling of the Paola-Cosenza section, is expected to enhance the railway connectivity in Southern Italy, contributing to economic and social development in the region. The construction will involve significant infrastructure work, including tunnels, bridges, and a new station, and will employ up to 1,500 people. This initiative is part of Webuild’s broader efforts in Southern Italy, where it is involved in multiple projects aimed at improving high-speed rail infrastructure.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR3.50 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.
More about Webuild SpA
Webuild is a global leader in the construction of large complex infrastructures, focusing on sustainable mobility, hydroelectric energy, water management and production, and green building. With a presence in about 50 countries, Webuild has approximately 95,000 employees globally and has completed over 3,700 projects in its nearly 120 years of operation. The company is recognized for its expertise in water infrastructure and is listed on the Milan Stock Exchange.
Average Trading Volume: 1,767,296
Technical Sentiment Signal: Buy
Current Market Cap: €4.06B
See more data about WBD stock on TipRanks’ Stock Analysis page.