TP ICAP MIDCAP analyst has maintained their bullish stance on WRG stock, giving a Buy rating on November 14.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors that underscore Orsero SpA’s strong financial performance and strategic positioning. The company reported impressive third-quarter results, surpassing expectations and confirming its full-year guidance. Orsero’s revenue for the first nine months of 2025 reached €1,276 million, marking a 10.5% year-over-year increase, which is slightly above the forecasted growth. This performance is notably better than its peers, Fresh Del Monte and Dole.
Orsero’s profitability also exceeded targets, with an adjusted EBITDA of €74.6 million, resulting in a margin of 5.8%. This is a significant achievement, especially given the challenges in the shipping segment. The company’s focus on high-value fruits and fresh-cut products has proven successful, contributing to a 19% increase in net income. Furthermore, Orsero’s financial health is solid, with controlled net debt and working capital. The company is well-positioned to meet or exceed its annual guidance, and its strategic initiatives, including expansion in the US and a shift towards high-value fruits, are expected to drive future growth. With a valuation discount compared to peers, TP ICAP sees a clear opportunity for a re-rating, justifying the Buy recommendation with a target price of €26.3.
In another report released on November 14, Intesa Sanpaolo also reiterated a Buy rating on the stock with a €26.00 price target.
WRG’s price has also changed moderately for the past six months – from EUR12.780 to EUR17.440, which is a 36.46% increase.