Mediobanca analyst Enrico Bartoli has maintained their bullish stance on 0DME stock, giving a Buy rating on February 13.
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Enrico Bartoli has given his Buy rating due to a combination of factors that reflect a positive outlook for Ascopiave S.p.A. The company’s new business plan, which extends to 2028, emphasizes a strengthened focus on gas distribution, particularly with the acquisition of assets from A2A. This acquisition is expected to drive significant growth in EBITDA and net profit, with a notable increase of 68% and 28% respectively by 2028 compared to 2024 levels. The plan also outlines substantial investments in gas distribution and renewable energy, indicating a strategic expansion and efficiency improvement.
Furthermore, Bartoli notes that Ascopiave’s financial structure by the end of 2028 will allow for additional growth opportunities, whether through mergers and acquisitions or engaging in the gas distribution tender process. The transaction related to A2A’s assets simplifies the company’s financial structure and enhances stock value visibility. Given the current undervaluation of the share price, which trades at a discount compared to peers, Bartoli maintains an Outperform rating with a target price of €3.75 per share, recognizing the potential for the stock to achieve this valuation.
In another report released on February 13, Kepler Capital also maintained a Buy rating on the stock with a €3.60 price target.