Directa SIM, EnVent raises target price and confirms Outperform

Directa SIM EnVent raises target price and confirms Outperform

(Finance) – EnVent Italia SIM increased a 5.90 euros per share (from the previous 5.40 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 “Outperform” given the potential upside of 63%.
Analysts write that the data communicated by the company for 2023 showed a sequential improvement of parameters over the last four years, supporting growth projections. Furthermore, they consider the appointment of Andrea Busi as new CEO positively, as it guarantees continuity to Directa’s strategic positioning.

“With these premises, we believe that the return on equity investments combined with the capital solidity makes Directa an interesting opportunity of investment – we read in the research – Directa currently trades at 9.3x P/E 2024, a 34% discount compared to the median of international peers of 14.0x”.