GVS S.p.A (4YQ) Receives a Buy from Goldman Sachs

GVS S.p.A’s outlook is bolstered by a renewed Buy note from Goldman Sachs, anchored on a €4.70 price target. Analyst Christian Hinderaker kept the Buy rating and, according to TipRanks, is a three-star analyst with an average return of 2.2% and a 50.72% success rate. The coverage focuses on Industrials and includes peers such as Halma plc, Weir Group plc and CNH Industrial. For GVS, consensus stands at a Moderate Buy, with the target consensus also at €4.70. The company’s latest results for the quarter ended March 31 showed quarterly revenue of €104.98 million and net profit of €11.42 million, versus €108.12 million revenue and €1.88 million net profit a year earlier. Insider activity involving 14 insiders is reported as negative, with more selling during the past quarter.