Analyst Roberto Ranieri from Stifel Nicolaus maintained a Buy rating on SNAM S.p.A. (0NQP – Research Report) and keeping the price target at €5.90.
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Roberto Ranieri has given his Buy rating due to a combination of factors including SNAM S.p.A.’s expected revenue growth and strategic positioning in the energy transition sector. The company is projected to see a 9% year-over-year increase in revenues for the first quarter of 2025, driven by higher revenues from regulated asset base-related activities and energy transition services, such as biomethane production.
Furthermore, SNAM’s net income is anticipated to rise by 15% year-over-year, supported by increased EBITDA and contributions from equity associates. The company’s cost of debt is expected to remain stable, and despite an increase in net debt due to strategic investments and dividend payments, SNAM’s role in supporting the energy transition in Italy and Central Europe presents significant opportunities. The stock also offers an attractive dividend yield of approximately 6.1%, which contributes to the Buy rating.
In another report released on April 17, Barclays also reiterated a Buy rating on the stock with a €5.40 price target.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NQP in relation to earlier this year.