In a report released on November 8, Fernando Garcia from RBC Capital maintained a Buy rating on SNAM S.p.A. (0NQP – Research Report), with a price target of €5.00. The company’s shares closed last Friday at €4.24.
According to TipRanks, Garcia is a 5-star analyst with an average return of 11.2% and a 70.29% success rate.
In addition to RBC Capital, SNAM S.p.A. also received a Buy from Kepler Capital ‘s Emanuele Oggioni in a report issued on November 7. However, on November 8, UBS assigned a Hold rating to SNAM S.p.A. (LSE: 0NQP).
Based on SNAM S.p.A.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €948 million and a GAAP net loss of €264 million. In comparison, last year the company earned a revenue of €951 million and had a net profit of €556 million
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SNAM S.p.A. (0NQP) Company Description:
Snam SpA is an Italian natural gas infrastructure company. Snam is principally involved in the management and development of natural gas-related systems, infrastructure, and services. The company segments its operations into Natural Gas Transportation, Regasification of Liquefied Natural Gas, and Natural Gas Storage. Snam owns the majority of gas infrastructure in Italy and operates gas pipeline networks on a regional and national scale in the Natural Gas Transportation segment, which is the company’s largest segment. The Regasification segment involves converting LNG into natural gas. Natural Gas Storage acts through its subsidiary, Stogit, and offers gas storage facilities across Italy. The company’s activities are regulated, and its revenue is determined by a government tariff system.
