Home Business Campari recovers on the stock market after a crash yesterday, a quarter above expectations of Equita which raises its target price

Campari recovers on the stock market after a crash yesterday, a quarter above expectations of Equita which raises its target price

by admin
  1. Home ››
  2. News >>
  3. News Italy ››


FACEBOOK
TWITTER
LINKEDIN

Third quarter above Equita’s expectations for Campari with turnover of 575 million up 12% on an annual basis thanks to the forex / perimeter, while organic growth, although very robust (+ 27% on 3Q19), was slightly below the + 30% expected from Equita (consensus was + 25%). Equita Sim confirmed the 2021 and 2022 turnover estimates and raised the 2021-22 EBIT by 1/2%, thanks to the gross margin, on which we were already quite cautious. Sim analysts now indicate a target price of € 11.3, 3% above the previous one. In Piazza Affari, the Campari share marks + 0.93% to 12.51 euros.

See also  Slap Sec against China: threat of delisting Alibaba, Baidu fresh from IPO & Co. It is at home launches investigation on SPAC
0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy