Filippo Migliorisi, an analyst from TP ICAP MIDCAP, maintained the Buy rating on ILPRA SpA (ILP – Research Report). The associated price target remains the same with €7.50.
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Filippo Migliorisi has given his Buy rating due to a combination of factors that highlight ILPRA SpA’s strong performance and promising future outlook. The company reported a higher-than-expected revenue growth for 2024, reaching €69.9 million, driven by a dynamic second half and a market recovery, particularly in Italy. Despite a slight decline in profitability due to acquisitions and increased inventories, ILPRA’s EBITDA still grew by 5.3% compared to the previous year.
Furthermore, ILPRA’s commitment to shareholder returns is evident with the approval of a 2025 dividend, offering a 2.74% yield. The company’s limited exposure to the United States minimizes tariff impacts, and the sector’s positive growth forecast supports a favorable outlook. With a raised revenue estimate and the stock being undervalued compared to the market, Migliorisi maintains a Buy recommendation with a price target of €7.5.
ILP’s price has also changed moderately for the past six months – from EUR5.100 to EUR4.300, which is a -15.69% drop .