Equita Group: Solid Results and Attractive Dividend Largely Priced In, Justifying Hold Rating

Analyst Davide Rimini of Intesa Sanpaolo maintained a Hold rating on Equita Group SpA, with a price target of €5.80.

Davide Rimini has given his Hold rating due to a combination of factors linked to Equita Group’s current valuation and growth profile. The company delivered record 2025 results, with strong revenue expansion across Global Markets, Investment Banking and asset management, and the Board proposing a higher dividend that translates into a very appealing yield and a high payout ratio.

At the same time, Rimini notes that the share price already discounts much of this strength, as the stock now trades around 13 times expected 2026 earnings, which he views as broadly fair. While the strategic partnership with BCC ICCREA and the related capital increase should support future expansion and potential M&A, the analyst prefers to wait for clearer visibility on the incremental benefits and the impact of the forthcoming dilution before turning more constructive, thus justifying a neutral stance.

Rimini covers the Financial sector, focusing on stocks such as Generalfinance S.p.A., Equita Group SpA, and doValue S.p.A. According to TipRanks, Rimini has an average return of 8.7% and a 55.22% success rate on recommended stocks.

In another report released on March 13, Kepler Capital also maintained a Hold rating on the stock with a €6.00 price target.