Sogefi down after results, stock fairly valued

Sogefi SpA

29/04/2019 12:24

** Shares in Italian car parts maker Sogefi  SGFI.MI  down 1
pct after disappointing results, with analysts saying the stock
is fairly valued despite a big discount to its peers
    ** Sogefi posted a fall in Q1 revenues and net profit and
said it expected sales to drop in Q2  urn:newsml:reuters.com:*:nFWN2280QV
    ** A very low visibility on second half of 2019 enhances the
risk of consensus downside on full year 2019, according to Banca
Imi analyst, Monica Bosio
    ** EV/Ebitda ratio is at 2.8, compared with an average of
around 5 among car part makers, a second analyst says. But there
is no reason to rise the current "hold" rating, in part because
of the company's low exposure to the electric car business
    
    

 (Reporting by Stefano Rebaudo)
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