(Finance) – Good seat for Italian Exhibition Group, which changed hands with an increase of 0.94% on the stock market. The solid half-year results announced last night and the opinions of analysts contribute to supporting the prices.
Intermonte confirmed a judgment outperform on the title and a Target price of € 3.4after judging i semester numbers higher than expected. The company that manages the Rimini and Vicenza fairs, recovering from the shock caused by the pandemic, reported revenues of 34.6 million above expectations and an EBITDA of 1.3 million.
On a comparative basis on a weekly basis, the trend of Italian Exhibition Group shows a more marked trend than the trendline of FTSE Italia All-Share. This demonstrates the greater propensity to buy by investors towards Italian Exhibition Group with respect to the index.
The short-term technical picture of Italian Exhibition Group shows an upward acceleration of the curve with a target identified at Euro 2.207. Risk of descent to 2.097 which will not affect the good health of the current trend but which represents a temporary correction. Expectations are for an extension of the uptrendline towards 2.317.