The price of IGD’s stock underwent a sharp correction in the period between 20 February and mid-March in an environment characterized by the generalized collapse of the stock markets due to the measures taken to contain the global pandemic.
IGD’s stock price rose 15.2% in 2019 and provided a Total Shareholder Return of 25.5%. Even at recent levels, however, the stock is still trading at an ample discount compared to its NNNAV per share of €10.92 and the consensus target price of €7.83 which indicates that the stock is still significantly undervalued.
In the latest trading sessions IGD’s stock returned to trading at around 6 euros. Notwithstanding the noticeable recovery posted compared to the year low, hit on 20 August, the price of IGD’s stock continues to trade at an ample discount against its NNNAV per share of €10.78, calculated based on the real estate valuations recorded at the end of June.
Based on the figures for 2018 it’s clear that IGD’s stock continues to be significantly undervalued despite the recovery seen in the first few weeks of 2019. At current levels, above the €6 threshold, IGD’s stock is still trading at a strong discount to the NNNAV per share of €11.45 shown in the financial statements […]
The Company’s solid fundamentals, confirmed by the results for the first nine months of 2018, along with the NNNAV of €11.25 and the consensus target price of €8.89 per share at 6 November, are all elements which indicate that, at current levels, IGD’s stock should provide good upside. In 2018 IGD’s shareholders also benefitted from […]
IGD’s stock performance has been volatile since the beginning of 2018: the capital increase –which was successfully completed – was carried out in a market environment that was less favorable to equity investments than when the transaction was announced last December. The stock has provided shareholders with interesting returns in 2018 thanks to the 2017 […]
IGD’s stock performance has been volatile in the most recent months as a result of the capital transaction underway and the uncertainty about the direction of interest rates; in the last few weeks, however, IGD’s stock has shown that it is driven more by the Company’s fundamentals. The yield of the dividend that will be […]
IGD’s stock price rose 33.1% in 2017, significantly outperforming both the Italian index and the European sector index which closed the year at period highs of +15.5% and +9.3%, respectively. The generalized sell-off that hit stock markets in February 2018, triggered by concerns about the more restrictive US monetary policies, caused a sudden correction and […]
