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Equita Group: Solid Q1 and 6% Yield Support Hold Rating as Analyst Keeps EUR 5.8 Price Target Unchanged

Equita Group: Solid Q1 and 6% Yield Support Hold Rating as Analyst Keeps EUR 5.8 Price Target Unchanged

Analyst Davide Rimini from Intesa Sanpaolo maintained a Hold rating on Equita Group SpA and keeping the price target at €5.80.

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Davide Rimini has given his Hold rating due to a combination of factors that balance Equita Group’s solid start to the year with a valuation he considers already fair. The company exceeded first‑quarter profit and revenue expectations, supported by strong contributions from Global Markets, resilient Investment Banking activity, and a healthy performance in asset management, while maintaining a robust capital position despite higher operating costs.

At the same time, he only marginally increased his 2026 revenue and earnings forecasts, reflecting a more prudent view on the sustainability of Investment Banking trends amid persistent macro and geopolitical uncertainty. With the stock already trading close to his unchanged EUR 5.8 target price and the need for greater clarity on the execution and impact of announced strategic partnerships, he judges the upside as limited, which justifies maintaining a Neutral/Hold stance despite the appealing c.6% dividend yield.

In another report released on May 19, Kepler Capital also maintained a Hold rating on the stock with a €6.20 price target.

EQUI’s price has also changed slightly for the past six months – from EUR5.610 to EUR5.570, which is a -0.71% drop .

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