(Finance) – EnVent Capital Markets increased a € 5.85 per share (from 5.61 euros) on target price up Directa SIMplatform for online trading and company listed on Euronext Growth Milan, and improved the judgement on the title a “Outperform“from” Neutral. “The review of the recommendation came after the company approved its 2021 financial statements. Analysts note that the stock has gained about 65% since the December 2021 IPO, outperforming the Italia Growth index, with a peak of € 6.80 per share in January results for 2021 “are the best everstrengthening and going beyond the remarkable performances of 2020, with an annual brokerage margin that almost doubles the performance of 2019 “, it is emphasized.
As for the outlook, EnVent remembers that Directa SIM focuses on the renewed strategy, which aims to diversify and expand its catchment area: not only traders but also independent investors as regards online trading, and the launch of the new private banking business unit is planned. “Between January and February 2022, the orders executed and the growth rates of the volumes traded outperformed the market results”, it is highlighted.
EnVent now expects the company to close the year with a Net income of 5.1 million euros, total asset for 97.4 million euros and a ROE 17%. These values should increase in 2022, respectively, to 5.2 million euros, 109 million euros and 15%. The forecasts are then for an increase in 2023 to a net profit of 5.8 million euros, total assets of 116.3 million euros and a ROE of 15%.