(Finance) – Bank Profile increased the target price (to 0.39 euros per share from 0.30 euros) and confirmed the recommendation (Buy) on the title Beghellia company listed on Euronext Milan and active in the electronics and security sector, incorporating the benefits of the sale of the Crespellano industrial complex into the estimates.
Analysts recall that yesterday the company announced that it had concluded the agreement for the sale of the Crespellano industrial complex to a primary operator in the real estate field. THE proceeds of the agreement, equal to 17.5 million euros net of the related charges (almost entirely already incurred), they will be allocated as a priority to the extinction of the residual debt of the loan towards the Institute having a mortgage on the property and, by virtue of previous contractual agreements, to the extinction of the debt residue of a pool loan, for a total principal amount of 5.2 million euros.
“The sale is part of Beghelli’s broader strategy aimed at rationalizing its real estate assets, disinvest non-strategic assetsfocus and relaunch the core industrial activities, thus improving the financial stability of the group and supporting the expected commercial development in Italy and abroad”, reads the research.