Corporate Family Office SIM analyst Gianluca Mozzali has maintained their bullish stance on WRG stock, giving a Buy rating on March 17.
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Gianluca Mozzali has given his Buy rating due to a combination of factors that highlight Orsero SpA’s strong financial performance and strategic positioning. The company achieved robust FY-24 results despite a challenging market environment, thanks to its strategy of focusing on a diversified product mix with high-value-added items. This approach has driven revenue growth and maintained profitability, as evidenced by the company’s ability to exceed cash-flow generation expectations and achieve a top-line increase of 2.0% year-over-year.
Furthermore, the company’s adjusted EBITDA margin of 5.3% is considered best-in-class within the sector, indicating efficient operations and cost management. Orsero’s financial health is further underscored by a decline in net financial position to €111 million, demonstrating strong cash flow generation. Additionally, the updated price target of €24.00 per share, reflecting a 92.6% upside, reinforces the Buy rating, as it suggests significant potential for stock appreciation based on the company’s solid performance and future growth prospects.
In another report released on March 17, Intesa Sanpaolo also maintained a Buy rating on the stock with a €24.60 price target.
WRG’s price has also changed slightly for the past six months – from EUR12.080 to EUR12.320, which is a 1.99% increase.