(Finance) – The stock is moving up in Piazza Affari Prysmian showing gain of 0.80%.
The company, listed on Euronext Milan and active in the energy and telecommunications cable systems sector, received a promotion from analysts after the one on the eve by JPMorgan. Today it is the Citigroup experts who have increased the target price to 44 euros per share, confirming the “buy” judgment,
The stock trend analyzed on a weekly basis shows a similar trend to that of FTSEMIB. This means that the stock is supported by elements from the market rather than news related to the company itself.
The medium-term analysis confirms the positive trend of group specialized in the production of cables, while if we analyze the short-term graph, a weakening of the quotations at the resistance test of 36.81 Euros is highlighted. First support seen at 36.21. Technically, a negative evolution of the curve towards the bottom seen at 35.82 is expected in the short term.