AlphaValue Gives Buy Rating to Parmalat SpA (PLT)
Parmalat SpA (BIT: PLT)‘s stock had its “buy” rating reiterated by equities research analysts at AlphaValue in a research note issued to investors on Friday. They currently have a $3.12 (€2) price target on the stock.
PLT has been the subject of a number of other recent research reports. Analysts at Banca Akros reiterated a “hold” rating on shares of Parmalat SpA in a research note to investors on Monday, December 31st. They now have a $2.50 price target on the stock. Finally, analysts at CA Cheuvreux reiterated an “outperform” rating on shares of Parmalat SpA in a research note to investors on Monday, December 17th. They now have a $2.57 price target on the stock.
Shares of Parmalat SpA traded up 3.60% during mid-day trading on Friday, hitting €1.8700. Parmalat SpA has a 52 week low of €1.3300 and a 52 week high of €1.9200. The stock’s 50-day moving average is currently €1.70. The company has a market cap of €3.294 billion and a P/E ratio of 15.04.
Parmalat SpA is an Italy-based company engaged in the production and distribution of food and beverages.
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