In a report released yesterday, from TP ICAP MIDCAP maintained a Buy rating on Somec S.p.A., with a price target of €18.10.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors that highlight Somec S.p.A.’s strong market position and future growth potential. The company has recently secured over €110 million in new orders for its Horizons and Talenta divisions, which significantly boosts its order book visibility through 2033. This development underscores Somec’s leadership in the high-value cruise segment and its ability to maintain long-term relationships with major international clients.
Somec’s strategic focus on “turnkey” solutions and its “Made in Italy” expertise allow it to protect margins and capitalize on high-tech offerings. The company’s premium positioning is further reinforced by iconic projects such as the Carnival ACE series and the new Oasis-class vessel for Royal Caribbean. With a return to profitability expected by year-end and progressive margin improvement across divisions, Somec is poised for a credible rerating. Despite operational acceleration, the stock remains modestly valued, supporting the Buy recommendation with a target price of €18.1.