Intesa Sanpaolo analyst Alberto Francese maintained a Hold rating on Zignago Vetro SpA yesterday and set a price target of €8.50.
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Alberto Francese has given his Hold rating due to a combination of factors impacting Zignago Vetro SpA. The company has faced a challenging market environment in the first nine months of 2025, with geopolitical tensions and new duties potentially affecting demand and competition in the upcoming quarters. Despite these challenges, Zignago Vetro has managed to reduce inventories significantly, which should provide some flexibility in balancing production costs and selling prices.
While the food and beverage sector showed positive demand, the cosmetics and perfumery segments remained weak due to destocking and sell-out dynamics. This has resulted in a year-over-year contraction in volumes and an unfavorable price mix for Zignago Vetro. Although there was a decline in revenues and EBITDA margin in the first nine months, the normalization of energy and scrap glass prices has positively impacted profitability. Given these mixed signals and the company’s strategic focus on cash generation, Francese maintains a neutral stance with a Hold rating.
Based on the recent corporate insider activity of 36 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 0NNC in relation to earlier this year.