Astaldi joins the Salini rally. The broker view

The two companies, members of the Mobilink consortium together with Canadian partners, were awarded the contract for the civil engineering works of the Hurontario Light Rail Transit project.

The market reaction was very positive, rewarding both stocks with numerous purchases and in particular Salini Impregilo which closed in rally at 4% at 1.976, with over 2.2 million shares traded, more than double the average of the last 3 months equal to just under 1 million pieces.

Astaldi also rose, following the morning's uncertainty, it started on the way to earnings, ending trading at 0.6915 euros, with an increase of 1.77% and about 400 thousand shares traded, again beyond the monthly average amounting to almost 300 thousand titles.

The contract awarded in Canada was also favorably received by various investment banks, starting with Fidentiis, which appreciates the order and speaks of positive news.

Experts continue to think that at the moment the market is focused on the 600 million euro capital increase that should be launched soon.

For Fidentiis the multiples of Salini Impregilo are extremely interesting, but the view on the stock remains cautious, with a "hold" recommendation and a valuation range of 2-2.2 euros.