Directa, EnVent increases target price and confirms Outperform

Directa EnVent increases target price and confirms Outperform

(Finance) – EnVent Capital Markets increased by a 5.37 euros per share (from 5.02 euros) the target price on Direct SIMa company active in online trading and listed on Euronext Growth Milan, maintaining the judgment on the title to “OutperformThe potential upside is 32%. The revision of the recommendation came after the company communicated its 2022 results, which closed with a net profit of 5.6 million euros.

According to analysts, Directa has confirmed the strategic lineswith the launch of the new Private Banking business unit expected in the second half of 2023. As regards the traditional business, the performance of Directa 2023 to date has confirmed the trend of previous yearswith a number of clients and assets reaching respectively almost 64,000 and 3.8 billion euros at the end of February 2023, and better than the market in terms of executed orders and volumes.

(Photo: Photo by Nick Chong on Unsplash)

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