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Elettra Investimenti, IR Top Research raises the target price to 13.16 euros

MILAN (AIMnews.it) - IR Top Research updates the TP on Elettra Investimenti in light of the FY 2017 results, which were overall higher than expected. The price target on the stock passes from 11.37 to 13.16 euros per share. Analysts' estimates for 2018 forecast revenues of € 51.3 million, an increase of 9% compared to 2017, an EBITDA margin of 22.3%, up from 21% (€ 11.4 million in absolute terms) and a group net profit of 4.4 million euros compared to the previous estimate of 4.2 million. For 2020 IR Top Research expects 56.5 million euros of revenues, 12.3 million euros of EBITDA (21.7% EBITDA margin) and 4.8 million euros of Group net profit. The average annual growth in revenues in the period 2017-2020 would therefore be 6.3%.

11/04/2018