Arianna Terazzi, an analyst from Intesa Sanpaolo, maintained the Buy rating on IRCE SpA. The associated price target remains the same with €2.90.
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Arianna Terazzi has given his Buy rating due to a combination of factors including a solid start to 2026, with Irce Group delivering higher profitability and margins despite soft market demand. The company benefited from the rising copper price, which supported a 3% revenue increase and helped offset weaker sales volumes, while cost efficiencies from the Dutch subsidiary closure and lower service expenses further strengthened results.
Terazzi also highlights Irce’s medium- to long-term growth prospects, supported by ongoing capacity expansion and exposure to energy transition opportunities. The ramp-up of production in the Czech Republic and the upcoming launch of operations in China underpin expectations for higher future revenues, and her forecasts for 2026–2027 remain intact, with potential upside from a capital gain on Dutch asset disposals and an unchanged target price of $2.9.
According to TipRanks, Terazzi is a 4-star analyst with an average return of 9.2% and a 38.10% success rate.