ARCHIVE

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.

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS


International stock markets were down (Milan -8.5%, London -3.7%, Frankfurt -5.3%, Paris -4.7%) during the week from the 12 December to the 16 December, after Moody’s confirmed the intention of reviewing the ratings of the Eurozone countries and of EU from 1Q12, since no effective measure were implemented at the EU summit of the previous week. Moreover, the Fed didn’t announce a new quantitative easing (QE3), and no progresses were made on the Eurozone debt crisis.
The Auto & Parts sector was down 7.8% with sales on all stocks.
Pirelli closed the week at €6.3 (-7.7%), in line with the auto&parts sector. According to Centrobanca (BUY & TP €8.1) Pirelli’ strategy (only player investing only in premium segment), is expected to be a winning strategy to save margin even in a contest of global slowdown/no growth.
The average consensus Target Price is €8.51€ with BUY recommendations from 88% of brokers.


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS

Stock performance in the week from the 5th to the 9th of December 2011 was mixed for the main European markets (Milan +0.1%, London -0.4%, Frankfurt -1.5%, Paris +0.2%). Investors awaited the European summit of the 9th of December, possibly leading to greater fiscal unification among euro-zone member countries.

The Auto & Parts sector underperformed the market; sector index Stoxx was down 1.6%, following the previous week’s rally.

Pirelli shares were down 1.8% in the week, closing at €6.825 with an average daily volume of 3.9mln units.


Write a comment »

Share to Facebook Share to Linkedin Share to Twitter More...

PEERS & MARKETS


International stock markets performed very well during the week from November 28 to December 2 (Milan +11%, London +7.5%, Frankfurt +10.7%, Paris +10.8%). Markets reacted positively to the coordinated action of 6 Central Banks (USA, Europe, UK, Japan, Canada, Switzerland) that announced on Nov 30th expansionary monetary policies (until February 2013 the interest rate on USD swaps is reduced from 100 to 50 bps). Moreover the Chinese Central Bank reduced the bank reserve coefficient in order to oppose the lack of liquidity.

A strong increase for the auto sector: the DJ Stoxx Auto rose by 13.7%.

Pirelli stock closed the week at €6.95, +9.9% gain, with a daily average of 4.91 mln stocks exchanged.


Write a comment »


3 news December, 2011