In this piece, we will take a look at the five best Italian stocks to invest in 2024. If you want to take a look at how Italy is at the heart of a new Europe, then check out 11 Best Italian Stocks To Invest In 2024.
5. Snam S.p.A. (BIT:SRG.MI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Average Share Price Target Percentage Upside: 15%
Snam S.p.A. (BIT:SRG.MI) is an Italian utility company headquartered in San Donato Milanese, Italy. Like several other well known Italian firms, it primarily deals in the supply and sale of natural gas. April 2024 is proving to be a crucial month for the firm, as amidst a revamped global liquefied natural gas (LNG) industry in the wake of the Russian invasion of Ukraine, Snam S.p.A. (BIT:SRG.MI) was able to score a 30% stake in Italy’s biggest natural gas terminal. Snam S.p.A. (BIT:SRG.MI)’s shares are rated Buy on average, and the average share price target is €5.10.
4. Davide Campari-Milano N.V. (BIT:CPR.MI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Average Share Price Target Percentage Upside: 18%
Davide Campari-Milano N.V. (BIT:CPR.MI) is the first and only Italian wine company on our list. It is headquartered in Sesto San Giovanni, Italy. Davide Campari-Milano N.V. (BIT:CPR.MI)’s product portfolio includes a variety of alcoholic beverages such as vodka, whisky, rum, and other drinks. The firm exited 2023 on a rather historic note, as it announced a deal to buy a well known French Cognac company for a cool $1.2 billion price tag. Davide Campari-Milano N.V. (BIT:CPR.MI)’s shares are also rated Buy on average, and the average share price target is €10.70.
3. Infrastrutture Wireless Italiane S.p.A. (BIT:INW.MI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Average Share Price Target Percentage Upside: 26%
Infrastrutture Wireless Italiane S.p.A. (BIT:INW.MI) is an Italian telecommunications and connectivity firm headquartered in Rome, Italy. It provides a wide variety of communications products and services such as dishes, antennas, cables, and backhaul services. Infrastrutture Wireless Italiane S.p.A. (BIT:INW.MI)’s average share price target is €12.80. The shares are reflective of a broader slowdown in the global telecom industry, as the stock is down by 12% year to date.
2. Enel SpA (BIT:ENEL.MI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Average Share Price Target Percentage Upside: 27%
Enel SpA (BIT:ENEL.MI) is one of the biggest Italian utility companies you’re likely to find. With more than sixty thousand employees, the firm is headquartered in Rome, Italy. A diversified utility, Enel SpA (BIT:ENEL.MI) supplies natural gas, LNG, and electricity to its customers. The shars are rated Buy on average, and the average analyst share price target is €7.60. 2024 has seen the fim back out of a sale of its Argentinian subsidiary in the hopes of the country’s new president introducing changes to the utility industry.
1. Nexi S.p.A. (BIT:NEXI.MI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Average Share Price Target Percentage Upside: 41%
Nexi S.p.A. (BIT:NEXI.MI) is an Italian technology company headquartered in Milan, Italy. The firm provides payment services to banks and other institutions. The average share price target is €8.10.
Disclosure: None. You can also take a look at the 12 Dirt Cheap Stocks To Buy According to Hedge Funds and 11 Best Small Cap AI Stocks To Buy Now.
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