In a report released on March 14, Gabriele Berti from Intesa Sanpaolo maintained a Buy rating on Sesa S.p.A. (0QHK – Research Report), with a price target of €151.20.
Gabriele Berti has given his Buy rating due to a combination of factors that highlight Sesa S.p.A.’s strong market position and growth potential. The company has shown a return to growth in the third quarter, with significant improvements in key areas such as Digital Green and Value-Added Services (VAS) revenues. Additionally, Sesa is expected to benefit from reduced financial expenses and a recovery in margins within its SSI and VAS divisions, supported by lower interest rates and efficiency measures implemented earlier in the year.
Moreover, Sesa’s shares are currently trading at attractive multiples, offering a discount compared to its peers, which presents a favorable entry point for investors. The company’s leading position in the Italian ICT market, its ability to capture market trends, and its strategic shift towards higher value-added activities are expected to support profitability. Furthermore, Sesa’s solid track record in mergers and acquisitions, along with its innovative offerings, positions it well for continued growth and market share expansion.
In another report released on March 14, Stifel Nicolaus also maintained a Buy rating on the stock with a €180.00 price target.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0QHK in relation to earlier this year.