Monday, March 23, 2015

Pirelli on the Stock Exchange +1, 77% to 15, 5 euro, exchanged 4, 4% capital – AGI – Agenzia Journalistic Italy



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18:27 March 23, 2015

(AGI) – Milan, March 23 – Pirelli halls still in the stock market, renewing historical highs and confirmed above levels tender offer – 15 euro – which will be ‘launched once completed the entry of the Chinese group ChemChina in the capital. The shares closed the session rising 1.77% to 15.50 euro, after touching a high of 15.76 euro. Very sustained exchanges, with nearly 21 million shares changed hands compared to a daily average of about 4 million; day and ‘was traded 4.4% of the share capital of Pirelli.
After confirmation of the partnership between Camfin and ChemChina, the Pirelli and’ was the subject of a series of analyst reports. Banca Akros has raised the price target from € 12 to € 15.5, with recommendation ‘hold’; Credit Suisse has awarded instead to the title judgment ‘outperform’ with a target price of 15.30 €. (AGI).

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