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

Major international stock markets were mixed in the week from August, 27 to August, 31 2012 (Milano +1.5%, Francoforte sulla parità, Parigi -0.6% , Londra -1.1%, Madrid +1.5%). Stocks were affected by concerns on Euro area and Moody’s cut on global economic growth estimates. Markets, however, limited losses in the last trading day after the words of the Chairman of the Fed on Friday. Mr Bernanke opened to the possibility of intervention with unconventional stimulus measures if necessary.

Auto & Parts sector was down 2.9% following fears of a deterioration in the second semester results for German OEMs.

Pirelli ended the week at € 8.75 (-2.4%) in line with the reference sector. The stock still remains among the top 5 Italian Blue Chips with a YTD performance of 34.5%. Average daily number of traded shares was approximately 2.2 million.

Natixis has initiated coverage on Pirelli with a BUY recommendation and a target price of 11€. According to the broker, the driver of the outperformance of the stock in the last two years (premium strategy and improvement of profitability) are still at the basis of the investment case. The consensus Target Price stood at 10.4 € with 75% of the coverage with a “Buy” rating.


Write a comment »

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

PEERS & MARKETS

Main international markets recorded a weak performance from 30 May to 3 June  (Milan -0.1%, London -0.4%, Paris -1.4%) with London and Wall Street closed on 30 May and bank holidays in Europe (2 June Italy, France) leading to reduced trading.

Despite approval of the new Greek aid plan, uncertainty on the debt situation of the European Union peripheral countries persisted. Newsflows included incoming macro data on employment and purchases in USA, below expectations.

 Pirelli closed at 6.76€ (-1.1%) in line with the European Auto&Parts sector (the European reference index was down by -1%) with average daily volumes of slightly over 2 million pieces.


Write a comment »

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

PEERS & MARKETS

PEERS&MARKETS 31.05-04.06.10Uncertainty about economic growth and the weakness of the euro have dominate the performance of European stock markets in the week 31 May to 4 June: -3.8% Milan, -1.3% London, -1.7% Paris.
In Milan, banks securities were particularly affected (European sector -3.5%) offset by industrial stock and securities with a high degree of geographical diversification.  This was reflected for Pirelli & C shares, which closed the week 6.6% up at  €0.451, clearly outperforming the industry index (+0.4% DJ Stoxx Auto & Parts) and its European peers (Michelin +0.7%, Continental -0.6%).
Analysts’ valuation of Pirelli & C shares remained stable: target price 0.52€ and recommendations that were predominantly to BUY (88% of coverage)
Pirelli RE also performed well, closing at €0.345 (+0.4%), in contrast to the negative performance of its main peers (Risanamento -1.2%, Beni Stabili -1.5%).

For more in-depth information please follow the link to: Investors > Peers & Markets.


Write a comment »


12