(Tiper Stock Exchange) – Intermonte he confirmed target price (8.60 euros per share) e recommendation (Outperform) on AbitareIn, a Milanese company leader in residential development and listed on Euronext STAR Milan. Analysts say third-quarter results are on track to meet full-year consensus.
The broker substantially confirms the estimates, lowering only the top line to 2023 to take into account a greater negative contribution deriving from the change in inventories due to the delivery of the 420 apartments expected by the end of the year. In the last quarter of the year, a further reduction in consolidated debt is expected, expected to reach 20 million euros at the end of September.
“We appreciate AbitareIn because the company stands out for the uniqueness of its offering and its propensity for technological innovation in a sector typically clinging to tradition – we read in the research – We believe that the solid pipeline of the company puts it in a good position to take advantage of the development of the residential market in the city of Milan, a market that suffers from a structural shortage of new apartments for a growing population”.