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Recupero Etico Sostenibile S.p.A ( (IT:RES) ) just unveiled an update.
RES has announced a capital increase of up to 20 million euros through an accelerated bookbuilding procedure, aimed at qualified investors. This move is intended to fund the construction of a robotic recycling plant, expand chemical recycling capabilities, and produce biobased polymers, enhancing the company’s growth and market visibility.
The most recent analyst rating on (IT:RES) stock is a Buy with a EUR12.10 price target. To see the full list of analyst forecasts on Recupero Etico Sostenibile S.p.A stock, see the IT:RES Stock Forecast page.
More about Recupero Etico Sostenibile S.p.A
Recupero Etico Sostenibile S.p.A (RES) operates in the Circular Economy and environmental sustainability sector, focusing on recycling and sustainable materials. It is listed on the Euronext Growth Milan market.
Average Trading Volume: 5,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: €94.99M
See more insights into RES stock on TipRanks’ Stock Analysis page.