Analyst Giada Cabrino of Intesa Sanpaolo maintained a Buy rating on Gruppo Mutuionline SpA, boosting the price target to €57.80.
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Giada Cabrino’s rating is based on the strong financial performance and growth prospects of Gruppo Mutuionline SpA. The company has demonstrated robust organic growth, with third-quarter revenues reaching EUR 165.4 million, marking a 55.3% year-over-year increase. This growth was driven by the impressive performance of its divisions, particularly the Mavriq Division, which saw a 91.8% increase in sales. Additionally, the company’s EBITDA margin exceeded expectations, reflecting efficient management and operational effectiveness.
Looking forward, the integration of Verivox is anticipated to be a significant growth driver, potentially enhancing performance over the next two years. The diversified business model of Gruppo Mutuionline SpA is seen as a key factor in ensuring stability and resilience in earnings, with further growth opportunities on the horizon. The leadership position in both traditional business areas and recent acquisitions further supports a positive outlook, justifying the Buy rating.
In another report released on November 13, Kepler Capital also maintained a Buy rating on the stock with a €55.00 price target.
0O2B’s price has also changed moderately for the past six months – from EUR49.000 to EUR41.250, which is a -15.82% drop .