Analyst Francesco Brilli from Intermonte maintained a Buy rating on Italian Sea Group S.p.A. (6QN – Research Report) and keeping the price target at €11.00.
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Francesco Brilli has given his Buy rating due to a combination of factors including the Italian Sea Group S.p.A.’s strong financial performance and strategic positioning. The company’s first-quarter results were in line with expectations, showing a slight increase in sales and profitability, which reflects effective cost management and production efficiency. The order backlog remains robust, providing a solid foundation for future revenue, despite a slight decrease from the previous year.
Moreover, the company’s guidance for the fiscal year remains optimistic, with anticipated sales and EBITDA margins aligning with previous forecasts. The Italian Sea Group’s strategic positioning in the luxury yacht market, coupled with its comprehensive business model and facilities, enhances its potential to capitalize on industry growth. The current stock de-rating presents a compelling buying opportunity, with a target price suggesting significant upside potential.
In another report released yesterday, TP ICAP MIDCAP also reiterated a Buy rating on the stock with a €12.70 price target.