Gianluca Mozzali, an analyst from Corporate Family Office SIM, reiterated the Buy rating on DBA Group SpA (DBA – Research Report). The associated price target was raised to €4.40.
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Gianluca Mozzali’s rating is based on a combination of strategic acquisitions and financial projections that position DBA Group SpA for significant growth. The company has executed three key M&A deals, including the acquisition of Serteco to strengthen its presence in northeastern Italy, and Proyectos IFG to enter the Spanish market. These acquisitions are expected to enhance profitability and expand the company’s market reach.
Furthermore, the company’s Budget 2025 outlines ambitious yet achievable targets, including a notable increase in Value of Production and EBITDA, supported by contributions from the newly acquired entities. The strong balance sheet provides flexibility for further acquisitions or increased shareholder returns. The updated DCF-based price target of €4.40 per share, reflecting a 54.9% upside, reinforces the Buy recommendation.
DBA’s price has also changed slightly for the past six months – from EUR3.070 to EUR2.860, which is a -6.84% drop .