Prysmian SpA Receives Consensus Recommendation of “Buy” from Analysts (BIT:PRY)
Shares of Prysmian SpA (BIT:PRY) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, AmericanBankingNews.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is €18.63 ($25.51).
Shares of Prysmian SpA (BIT:PRY) traded up 0.21% on Monday, hitting €19.0500. The stock had a trading volume of 860,153 shares. Prysmian SpA has a 52-week low of €13.9800 and a 52-week high of €19.7900. The stock has a 50-day moving average of €18.59 and a 200-day moving average of €18.22. The company has a market cap of €4.030 billion and a P/E ratio of 31.16.
Separately, analysts at Goldman Sachs downgraded shares of Prysmian SpA to a “buy” rating in a research note on Thursday.
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.