(News Bulletin 247) – Invest Securities initiates a follow-up of the Advini share at ‘buy’, with a price target of 26.4 euros, noting that the share ‘has never recovered from the COVID episode, evolving today’ today -25% below its March 2020 levels’.
According to him, the management’s desire to communicate again, the acquisition by the CEO of nearly 10% of the capital in recent months and the gradual improvement in turnover and then in the results should make it possible to put an end to the undervaluation. of this group of wines.
The research department estimates that the AdVini share ‘is currently trading 20% ​​below its net book value, which does not even take into account the revaluation of wine-growing assets recorded at historic cost’.
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