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    NEXI   IT0005366767

NEXI S.P.A

(NEXI)
  Report
Delayed Borsa Italiana  -  11:36 2022-11-25 am EST
8.562 EUR   +0.16%
11/15Nexi Shares Fall Sharply After Intesa Sanpaolo Sells Stake
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11/15Italy's Intesa pockets 584 million euros from Nexi stake sale
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11/15Intesa Sanpaolo Sells Stake in Italian Payments Company
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Europe shares slip as UK adds to rate hike worries

09/27/2022 | 04:18am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

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Nexi jumps after 2025 target plan exceeds consensus

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Banks, utilities see sharp losses

Sept 27 (Reuters) - Europe bourses fell on Tuesday, extending a sell-off driven by escalating fears of a recession amid aggressive policy tightening by central banks, with London stocks reeling from worries about a new economic plan.

Germany's DAX slipped 0.7% to November 2020 lows, while Italy's MIB index lost 1.2% giving back all of Monday's election relief gains.

The continent-wide STOXX 600 index closed down 0.1% after a volatile session which saw it rise as much as 1.3%.

Gains in miners, energy and healthcare stocks were offset by sharp falls in banks and utilities.

London's blue-chip FTSE index slipped 0.5% as the pound recovered from Monday's record lows on worries about the impact from the UK's "mini budget".

"The stabilisation of the pound has come on the back of expectations that the Bank of England will tighten policy a lot. There's decent space for the BoE to disappoint expectations and if that happens, the pound could resume its downside ride against the dollar," said Themos Fiotakis, head of FX research at Barclays in London.

The STOXX 600 lost 4.4% in the last four sessions, as downbeat data on regional economic activity coupled with interest rate hikes by several central banks fed fears of a global economic downturn.

"We had a pretty big spike in risk aversion in September, so there is a little bit of short covering, there's a little bit of relief but nothing particularly fundamental," said Fiotakis.

"In fact, what I worry is that if we continue to get datasets that are solid for the United States, we could see an even more hawkish Federal Reserve response."

Markets have been wary about the pace of tightening by the Fed this year after three super-sized 75-basis-point interest rate hikes and hawkish signals.

Goldman Sachs expects the European Central Bank to hike rates by 75 basis points at its next two meetings, Bloomberg News reported. The ECB has already raised its key rate by 125 basis points to 0.75%, the fastest pace of rate hikes in its history.

Among individual shares, Nexi gained 2.7% after the company estimated an excess cash generation of around 2.8 billion euros ($2.70 billion) in 2023-2025 which can be used to pursue M&A opportunities or to return capital to shareholders via buyback and dividends. (Reporting by Devik Jain, Amruta Khandekar and Susan Mathew in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.13% 0.5576 Delayed Quote.4.14%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.11% 0.6491 Delayed Quote.1.77%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.00% 0.6748 Delayed Quote.-6.82%
BARCLAYS PLC -0.23% 159.06 Delayed Quote.-14.94%
BRITISH POUND / EURO (GBP/EUR) -0.06% 1.1629 Delayed Quote.-2.19%
BRITISH POUND / US DOLLAR (GBP/USD) -0.15% 1.2093 Delayed Quote.-10.48%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.17% 0.61802 Delayed Quote.5.84%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.18% 0.71913 Delayed Quote.3.46%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.04% 0.7472 Delayed Quote.-5.27%
DAX 0.01% 14541.38 Delayed Quote.-8.46%
EURO / BRITISH POUND (EUR/GBP) 0.05% 0.85955 Delayed Quote.0.00%
EURO / US DOLLAR (EUR/USD) -0.12% 1.0395 Delayed Quote.-8.46%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 0.03% 0.010123 Delayed Quote.1.97%
INDIAN RUPEE / EURO (INR/EUR) 0.04% 0.011771 Delayed Quote.-0.21%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.09% 0.012242 Delayed Quote.-8.76%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.21% 0.6245 Delayed Quote.-8.44%
NEXI S.P.A 0.16% 8.562 Delayed Quote.-38.80%
STOXX EUROPE 600(EUR)(TR) -0.02% 1017.65 Delayed Quote.-7.38%
US DOLLAR / BRITISH POUND (USD/GBP) 0.16% 0.826925 Delayed Quote.11.70%
US DOLLAR / EURO (USD/EUR) 0.12% 0.962001 Delayed Quote.9.24%
All news about NEXI S.P.A
11/15Nexi Shares Fall Sharply After Intesa Sanpaolo Sells Stake
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11/15Italy's Intesa pockets 584 million euros from Nexi stake sale
RE
11/15Intesa Sanpaolo Sells Stake in Italian Payments Company
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11/15Intesa sanpaolo spa - completes abb for 5.1% stake in nexi for e…
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11/15An unknown buyer completed the acquisition of Nexi ..
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11/14Italian Lender Intesa Sanpaolo to Divest 5% Stake in Payment Systems-focused Nexi
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11/14Italy's Intesa to sell 654 million euro stake in payments group Nexi
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11/14Intesa Sanpaolo moves to exit Nexi's capital
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11/14Intesa Sanpaolo Start Sale Of Its Entire Stake In Nexi
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11/14Intesa sanpaolo spa - sale has no impact on intesa sanpaolo’s lo…
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More news
Analyst Recommendations on NEXI S.P.A
More recommendations
Financials
Sales 2022 3 280 M 3 410 M 3 410 M
Net income 2022 250 M 260 M 260 M
Net Debt 2022 5 624 M 5 848 M 5 848 M
P/E ratio 2022 35,0x
Yield 2022 0,19%
Capitalization 11 228 M 11 675 M 11 675 M
EV / Sales 2022 5,14x
EV / Sales 2023 4,63x
Nbr of Employees 10 197
Free-Float 63,3%
Chart NEXI S.P.A
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Technical analysis trends NEXI S.P.A
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 8,56 €
Average target price 12,43 €
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
Paolo Bertoluzzo Chief Executive Officer
Bernardo Mingrone Chief Financial Officer
Michaela Castelli Non-Executive Director
Giuseppe Dallona Chief Information Officer
Federico Ferlenghi Head-Operations & Help Line
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