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Prysmian S.p.A. (PRY.MI)
| Previous close | 58.52 |
| Open | 58.04 |
| Bid | 57.00 x 0 |
| Ask | 57.96 x 0 |
| Day's range | 56.84 - 59.46 |
| 52-week range | 33.26 - 61.06 |
| Volume | |
| Avg. volume | 868,494 |
| Market cap | 15.795B |
| Beta (5Y monthly) | 1.07 |
| PE ratio (TTM) | 31.98 |
| EPS (TTM) | 1.81 |
| Earnings date | 01 Aug 2024 |
| Forward dividend & yield | 0.70 (1.20%) |
| Ex-dividend date | 22 Apr 2024 |
| 1y target est | 57.90 |
GuruFocus.comEncore Wire, the Prysmian Buyout and Next Picks
Attractive options for cash deployment resulting from the Encore-Prysmian merger
- Reuters
UPDATE 2-Italy's Prysmian aims to deliver Encore deal benefits faster
Italy's Prysmian aims to reap the benefits from its purchase of Encore Wire faster than initially envisaged, the CEO of the world's biggest cable maker said on Thursday, as it predicted 2024 results at the upper end of its estimates. Milan-based Prysmian last month announced the $4.2 billion acquisition of Encore Wire to expand in its North American profit powerhouse. Chief Executive Massimo Battaini told analysts the process was going well and no major issues were expected.
Reuters$992 million UK lawsuit against European power cable groups gets go-ahead
A 790 million-pound ($992 million) mass lawsuit against major European power cable suppliers over claims a cartel led to inflated electricity charges for British consumers can proceed to trial, a London tribunal has ruled. The case seeking damages from Italy's Prysmian, France's Nexans and Denmark's NKT for around 30 million consumers in Britain was certified by the Competition Appeal Tribunal (CAT) last month, according to a ruling published on Friday. Clare Spottiswoode, the former head of Britain's gas regulator, is spearheading the lawsuit, which follows on from the European Commission's 2014 finding that Prysmian, Nexans, NKT and others had operated a 10-year power cable cartel.
