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Altri prepares to hand over position at Greenvolt to shareholders - Industry

Altri sinks another 9.6%. Already lost 258.5 million in two days

And Altri sank another 9.6% in the stock market, in the company’s second negative session, accruing a €258.5 million loss in market value. The quoted company, which was punished with negative “research” results after displaying the results, was the biggest loser in the PSI index, which closed down 0.43% to 6096.99 points.

CaixaBank/BPI Lowered Target Price and Altri . Recommendation. Analyst Bruno Bessa lowered the “target” to 7.50 euros, still indicating the potential for a rally and above analysts’ consensus (6.68 euros). The recommendation has been revised downward from “Buy” to “Neutral”.

The well-known note on Monday follows another, on Friday, in which Bestinver warned that the results The company led by José Soares de Pina has already reached its peak, and he expects the price of pulp to start falling in the second half of the year. Thus, Altri bonds fell 9.64% to 5.20 euros in the Monday session. The entire paper and pulp sector was sanctioned at the hearing. Navigator lost 2.58% to 3.92 euros per share, while Semapa lost 1.54% to 14.06 euros per share.

Among the remaining companies included in the index are Sonae (-1.62% to €1.09), Galp Energia (-1.46% to €10.13) and BCP (-0.9% to €0.1432). In total, seven of the 15 companies listed on PSI were devalued. CTT remained unchanged at 3.34 euros.

In the opposite direction, the remaining seven were closed, with electricity rising. REN rose 0.72% to €2.78, EDP rose 0.99% to €25.55, EDP rose 0.77% to €4.98, and Greenvolt increased 0.23% to €8,84. However, Nos led the gains, rising 1.14% to €3.74. Jeronimo Martins and Cortesira Amorim also expressed their appreciation at the session.

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(news updated at 16:55)