Geox doesn't stop: the stock market rally continues on Friday as well, where the stock is up 2,4% to 2,386 euros at 12,36 when the market is essentially flat. In the morning, the shares came close to 3,4 euros and the 1-month performance is +21,3%.
The prices could also benefit from the promotion by the analysts of Exane Bnp Paribas, who have included the Geox share in the basket of the top four to buy, with a target price of 2,70 euros (increased compared to the previous 2,50 euros). Experts are betting in particular on the new management (CEO Gregorio Borgo appointed in January), which also saw the entry in March of Andrea Tremolada as new world marketing director. The manager was world director of communication at Roberto Cavalli for three years and head of corporate communication at Salvatore Ferragamo for ten years.
