(Finance) – EnVent Italia SIM increased a 2.35 euros per share (from the previous 2.10 euros) the target price on Radici Pietro Industries & Brandsa company listed on Euronext Growth Milan and active in the sector of high-end textile flooring and high-tech textile coverings, confirming its recommendation “Outperform” given the potential upside of 122%.
Analysts note that the report net debt/EBITDA improved over the years, going from 8.5x in 2021 to the current healthy 2.6x, and foresee room for further improvement, perhaps up to 1.5x, potentially benefiting from asset disposal in 2025.