Coverage

Copertura del titolo Equita

Il titolo EQUITA è oggi seguito dagli analisti di Intesa Sanpaolo (già UBI Banca) e da Kepler Cheuvreux. Di seguito le ultime ricerche pubblicate dagli analisti, liberamente accessibili.

Intesa Sanpaolo

Ultimo update: 13 settembre 2023

Target Price: €4,3 (from €4,6)

recommendation: Buy

2Q/1H'23 Results in Line; Reassuring Message on dividends

"Despite the challenging outlook ahead, CEO Vismara provided a reassuring message on dividends (proposing to the next Shareholders’ Meeting the distribution of a DPS no lower than EUR 0.30), hence confirming the more than EUR 50M accumulated target in the 2022-24 business plan horizon. We confirm our BUY rating with a new target price of EUR 4.3."

Kepler Cheuvreux

Ultimo update: 13 settembre 2023

Target Price: €4,4 (from €4,5)

recommendation: n/a

Less net profit, but same dividend!

"The -21% YOY drop in revenues in Q2 is linked to the Investment Banking unit, on fewer M&A deals and tough YOY comps in the quarter. The other two divisions(Global Markets, thanks to fixed income market-making and the proprietary portfolio, and Alternative Asset management) are stable YOY. Management has confirmed the 2022-24 dividends (>EUR50m) and even pushed back the 2024r evenue and net profit targets (we were already at a discount). We cut our 2023-25E revenues and net profit by 5.5% and 12.7% on average, but leave the dividends largely unchanged (-1%). We trim our TP from EUR4.6 to EUR4.5".