Banca IMI Reiterates Add Rating for Prysmian SpA (PRY)

Banca IMI reaffirmed their add rating on shares of Prysmian SpA (BIT: PRY) in a report released on Friday, ARN reports. Banca IMI currently has a €17.10 ($22.21) price objective on the stock.

A number of other firms have also recently commented on PRY. Analysts at Mediobanca SpA reiterated an outperform rating on shares of Prysmian SpA in a research note to investors on Thursday, May 23rd. They now have a €17.50 ($22.73) price target on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of €17.68 ($22.96).

Shares of Prysmian SpA (BIT: PRY) traded up 2.00% during mid-day trading on Friday, hitting €16.3600. 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 €3.460 billion and a P/E ratio of 27.56.

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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