Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.
The main international share markets showed a downward trend with losses concentrated mainly in the banking sector (the European share index fell by 2.6%) after the charges made against Goldman Sachs by the SEC. Pirelli ended the week on a par at €0.44 and in line with Michelin and Nokian. A bad week for European Real Estate with the sectoral index (Eprea Europe) down by 2.3% and Pirelli RE down by 3.7% to €0.462.
Categories: Peers & Markets Pirelli Pirelli RE
The high performance tyres for sports vehicles preferred by American motorists are Pirelli.
According to ‘Original Equipment Tire Satisfaction Index Study’ of JD Power & Associates, which every year verifies the general level of satisfaction among motorists, Pirelli won the JD Power & Associates Award, recognised by American consumers as an important indicator of quality and performance.
The investigation, which is divided into four categories (‘luxury’, ‘passenger car’, ‘performance sport’ and ‘truck/utility’), is conducted among motorists who have been driving their own car fitted with the same original equipment tyres for two years. Wear, appearance, traction/handling and driving are the four parameters considered.
Categories: Innovation Pirelli Pirelli Tyre
A negative week for the European tyre sector, penalised by the progressive rise in the cost of natural rubber, which has reached new peaks.
Pirelli closed the week at €0.436, down by 4%, in line with the trend of its main peers (Michelin -4%, Nokian -4.2%).
During the week Société Générale upgraded Pirelli to a TP of €0.54 (from €0.50) after reviewing its assessment of the tyre business while Intermonte expressed a neutral view on Pirelli & C given the current trend in prices of raw materials, its assessment of the share, with TP at €0.50, remained unchanged.
The current Consensus Target Price is around € 0.52, with Buy as the prevailing recommendation (88% of coverage by 19 brokers).
Pirelli RE closed the week at €0.459, slightly down from 0.5%.
Categories: Peers & Markets Pirelli Pirelli RE
3 news April, 2010