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.
Negative week for the major Stock Exchanges, between the 21st and 25th of October (Milan -2.1%, London +1.5%, Frankfurt +1.4%, Paris -0.3%, Madrid -1.9%). The lists were affected by the new ECB parameters for “asset quality review”, the mechanism with which European banks’ credit balance are to be assessed (DJ Stoxx Banks -1.3%, among the sectors more in the storm).
The European Auto&Parts Industry is doing fine, +1.0%, with Pirelli amongst the best performers. After reaching their highest value of 10.66€, its stocks closed the week at 10.48€, with an increase of 2.7%. From the beginning of this year, Pirelli has gained 21.1%, +5.1 pp compared to FTSE Mib.. Unchanged the consensus target price at 10.4€, with 82% of analysts giving a positive rating of Pirelli shares (Buy+Hold).