Intesa Sanpaolo analyst Gabriele Berti has maintained their bullish stance on WRG stock, giving a Buy rating on March 17.
Gabriele Berti has given his Buy rating due to a combination of factors that highlight Orsero SpA’s strong financial performance and growth potential. The company has reported robust results for FY24, reaching the upper end of management’s guidance, with cash generation surpassing expectations. This financial strength provides Orsero with the flexibility to pursue potential mergers and acquisitions, enhancing its growth prospects.
Additionally, Orsero’s Distribution Business Unit is projected to grow steadily, driven by increased volumes, while the Shipping Business Unit is expected to improve its EBITDA margin. The company’s shares are trading at attractive valuation multiples, reflecting its healthy cash generation and resilient business model. Orsero’s diversified product portfolio, limited commodity exposure, and balanced distribution channels further support its solid financial and capital structure, making it well-positioned for future growth.
In another report released on March 17, Corporate Family Office SIM also maintained a Buy rating on the stock with a €24.00 price target.