In a report released on February 20, Bruno Permutti from Intesa Sanpaolo maintained a Buy rating on Cementir Holding S.p.A. (0HY2 – Research Report), with a price target of €14.60.
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Bruno Permutti has given his Buy rating due to a combination of factors including Cementir Holding S.p.A.’s better-than-expected profitability, as reflected in their FY24 preliminary results. The company’s EBITDA margin exceeded expectations, despite some top-line challenges due to foreign exchange impacts, and net cash levels were significantly higher than forecasted.
Additionally, the company’s outlook for 2025-2027 shows promising improvements, with upward revisions in EBITDA margin guidance and favorable dynamics between selling prices and input costs. The recent re-rating in industry market multiples also supports the positive sentiment, leading to an increased target price of EUR 14.6. These elements combined suggest a strong potential for stock appreciation, justifying the Buy recommendation.
In another report released on February 12, Kepler Capital also maintained a Buy rating on the stock with a €13.70 price target.
0HY2’s price has also changed moderately for the past six months – from EUR9.650 to EUR11.700, which is a 21.24% increase.