Analyst from TP ICAP MIDCAP maintained a Buy rating on Somec S.p.A. and keeping the price target at €20.00.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors including Somec S.p.A.’s strong performance in the first half of 2025, particularly driven by the Mestieri division. The division showed significant growth, especially in the naval segment, and managed to double its margin compared to the previous year. Despite a temporary dip in stock price due to net income falling short of expectations, the overall financial outlook remains positive, with management providing encouraging guidance for the second half of the year.
Furthermore, Somec’s consolidated revenues increased by 3.9% year-over-year, supported by Mestieri’s 25.3% growth and Talenta’s 5.7% contribution. The company’s profitability improved significantly, with EBITDA increasing by 24% year-over-year. The resilience of the reorganization process and the company’s ability to enhance profitability, along with medium-term targets for Talenta and Mestieri, reinforce the Buy recommendation. The ongoing deleveraging process and expected decline in leverage by year-end further support this positive outlook.
In another report released on September 26, Intermonte also maintained a Buy rating on the stock with a €19.00 price target.
SOM’s price has also changed dramatically for the past six months – from EUR10.500 to EUR15.450, which is a 47.14% increase.