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Webuild SpA ( (IT:WBD) ) has issued an update.
Webuild, leading a consortium, has secured a €660 million contract to design and build the first 6.5km section of Lot 1 of Naples Metro Line 10, a fully driverless line that will connect the Napoli-Afragola high-speed rail station with the city centre and serve more than 400,000 residents in Naples’ north-eastern area. The deal gives Webuild an exclusive right to complete additional phases of Lot 1, potentially raising the contract value above €1.7 billion, reinforcing its already significant presence in Southern Italy, where it is involved in 19 projects worth over €15 billion, and underpinning regional ambitions for sustainable mobility, job creation and multimodal connectivity between local, regional and national transport networks.
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 an Italy-based global leader in the construction of large, complex infrastructure, with a focus on sustainable mobility, hydroelectric power, water management and green buildings. Active in around 50 countries and listed in Milan, the group has nearly 120 years of experience and a €59 billion order backlog, and is recognised as a top contractor in water and transport infrastructure, including railways, metro systems, roads, bridges and dams, with a strong emphasis on projects aligned to UN Sustainable Development Goals.
YTD Price Performance: 25.51%
Average Trading Volume: 2,392,541
Technical Sentiment Signal: Strong Buy
Current Market Cap: €3.49B
For detailed information about WBD stock, go to TipRanks’ Stock Analysis page.