Prysmian SpA’s “Outperform” Rating Reaffirmed at Mediobanca SpA (PRY)

Mediobanca SpA restated their outperform rating on shares of Prysmian SpA (BIT: PRY) in a report issued on Thursday, AnalystRatingsNetwork reports. They currently have a €17.50 ($22.73) target price on the stock.

Shares of Prysmian SpA (BIT: PRY) traded up 1.26% during mid-day trading on Thursday, hitting €16.0400. Prysmian SpA has a one year low of €10.5500 and a one year high of €17.9600. The stock’s 50-day moving average is currently €14.14. The company has a market cap of €3.392 billion and a P/E ratio of 27.22.

A number of other firms have also recently commented on PRY. Analysts at AlphaValue reiterated a buy rating on shares of Prysmian SpA in a research note to investors on Thursday, May 16th. They now have a €19.80 ($25.71) price target on the stock. Separately, analysts at Credit Suisse reiterated an outperform rating on shares of Prysmian SpA in a research note to investors on Tuesday, May 14th. They now have a €19.00 ($24.68) price target on the stock.

One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Prysmian SpA presently has a consensus rating of Buy and an average target price of €17.68 ($22.96).

Prysmian SpA is an Italian company engaged in the development, design, production, supply and installation of cables for the diverse applications in the energy and telecommunications industries.

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