Fiat Industrial SpA Given “Hold” Rating at Banca IMI (FI)

Fiat Industrial SpA (BIT: FI)‘s stock had its “hold” rating reaffirmed by equities researchers at Banca IMI in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a €4.83 ($6.27) price target on the stock.

Fiat Industrial SpA (BIT: FI) traded up 0.34% on Tuesday, hitting €8.9100. Fiat Industrial SpA has a 52-week low of €6.9600 and a 52-week high of €9.8000. The stock’s 50-day moving average is currently €8.08.

Several other analysts have also recently commented on the stock. Analysts at Banca Akros reiterated a “hold” rating on shares of Fiat Industrial SpA in a research note to investors on Monday. They now have a €4.60 ($5.97) price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Fiat Industrial SpA to €6.30 ($8.18) in a research note to investors on Thursday, May 30th. They now have a “neutral” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Fiat Industrial SpA in a research note to investors on Wednesday, May 29th.

Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of €3.90 ($5.07).

Fiat Industrial SpA is an Italy-based company primarily engaged in the manufacture of heavy machinery and vehicles equipment.