In a report released on June 17, Filippo Migliorisi from TP ICAP MIDCAP maintained a Buy rating on ILPRA SpA (ILP – Research Report), with a price target of €7.50.
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Filippo Migliorisi has given his Buy rating due to a combination of factors that highlight ILPRA SpA’s strategic growth and financial stability. The recent acquisition of Gelmini S.r.l. is a significant step in ILPRA’s external growth strategy, enhancing its presence in the food packaging solutions market and creating new industrial synergies. This acquisition is expected to bring substantial benefits in terms of know-how, geographical reach, and product complementarity, with Gelmini’s solid revenue and EBITDA margin contributing positively to ILPRA’s financials.
Moreover, Migliorisi appreciates ILPRA’s disciplined execution of its M&A roadmap, acquiring assets at attractive multiples and successfully integrating new entities. The company’s strong financial profile, characterized by robust cash generation and a healthy dividend yield, further supports the Buy recommendation. With an attractive valuation and a confirmed target price of €7.5, ILPRA stands out among Italian industrial players for its profitability and growth potential.