Pirelli traded at 6.31 this Monday February 2nd, decreasing 0.03 or 0.50 percent since the previous trading session. Looking back, over the last four weeks, Pirelli lost 6.48 percent. Over the last 12 months, its price rose by 12.19 percent. Looking ahead, we forecast Pirelli to be priced at 6.15 by the end of this quarter and at 5.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Pirelli & C SpA is an Italy-based company. It is a tire player. The Company is the global player focused on the consumer tire market, which includes tiers for cars, motorcycles and bicycles. The tire activity consists of two main segments: the Consumer segment focuses on tires for consumer cars, motor vehicles, sports utility vehicles (SUVs), light commercial vehicles and motorcycles; and the Industrial segment, manufacturing tires for buses, heavy trucks and agricultural machinery. Its products are used by car maker partners such as Bentley, Aston Martin and Porsche, among others. Through its subsidiaries Pirelli & C. Eco Technology SpA, Pirelli & C. Ambiente SpA and PZero Srl, it is active in emissions control technologies, renewable energy sources and fashion. In addition, Pirelli & C SpA focuses on the partnerships with car and motorcycle manufacturers, technological innovation and wide portfolio of performance and customized products.