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Webuild SpA ( (IT:WBD) ) has issued an update.
Webuild has secured a €531 million contract to build Lot 1 of the SS106 Jonica state road in Calabria, adding around 17 kilometres of new, technologically advanced infrastructure that includes 15 viaducts, three overpasses, and a double-tube artificial tunnel. The project, expected to employ up to 500 people and supported by digital site management and structural monitoring systems, further consolidates the group’s strategic presence in Southern Italy, where it now has 20 projects underway worth about €16 billion, including the nearly complete Terzo Megalotto of SS106 Jonica and the Paola-Cosenza rail doubling, reinforcing both regional connectivity and Webuild’s position in sustainable transport infrastructure.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR4.40 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 SpA is a global leader in the construction of large, complex infrastructure, with a focus on sustainable mobility, hydroelectric power, water management, and green buildings. Active in about 50 countries and listed in Milan, the group has nearly 120 years of experience, a €59 billion order backlog and €12 billion in annual revenues, and is widely recognised for its role in major transport and water-sector projects aligned with UN Sustainable Development Goals.
Average Trading Volume: 2,213,483
Technical Sentiment Signal: Strong Buy
Current Market Cap: €3.52B
For detailed information about WBD stock, go to TipRanks’ Stock Analysis page.