Snam is engaged in the construction and integrated management of natural gas infrastructure. It manages the gas systems, develops infrastructure and provides integrated services for the market. Co. is also engaged in natural gas transportation, storage, regasification and urban distribution. Co. manages a national transportation network, including eight storage facilities, one regasification plant and a local distribution network.
  • TickerSRG
  • ISINIT0003153415
  • SectorOil Equipment, Services & Distribution
  • CountryItaly

Analysts

Snam S.p.A.

Snam S.p.A.

Expert Corporate Governance Service (ECGS)

SNAM - EGM 23 October 2019

Italian Law n. 120/2011 introduced a temporary minimum representation (33%) of each gender within all Boards of Italian listed companies. The legal requirements expired at the Snam's Board election of April 2019. In item 1 (extraordinary business), the Board of Directors proposes to amend the Company's Bylaws by introducing the statutory requirement that each gender shall represent at least one third of the members of the corporate bodies (Board of Directors and Board of Statutory Auditors), even after the expiration of legal requirements. We recommend to vote FOR.In item 2 (ordinary business)...

SNAM S.p.A.: Update to credit analysis

Our credit view of SNAM S.p.A., reflecting the publication of the group's 2019-22 strategic plan and H1 2019 results.

SNAM SPA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of SNAM SPA (IT), a company active in the Gas Distribution industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date August 9, 2019, the closing price was EUR 4.36 and its potential was estimated at EUR 5.00.

SNAM S.p.A.: Update to credit analysis

Our credit view of SNAM S.p.A., reflecting the publication of the group's 2019-22 strategic plan and H1 2019 results.

SNAM S.p.A.: Update following 2019-22 strategic plan

Our credit view of SNAM S.p.A.m reflecting the publication of the group's 2019-22 strategic plan and 2018 results.

Moody's announces completion of a periodic review of ratings of SNAM S.p.A.

Announcement: Moody's announces completion of a periodic review of ratings of SNAM S.p.A. Global Credit Research- 29 Mar 2019. London, 29 March 2019-- Moody's Investors Service has completed a periodic review of the ratings of SNAM S.p.A. and other ratings that are associated with the same analytical unit.

Moody's announces completion of a periodic review of ratings of SNAM S.p.A.

Announcement: Moody's announces completion of a periodic review of ratings of SNAM S.p.A. Global Credit Research- 29 Mar 2019. London, 29 March 2019-- Moody's Investors Service has completed a periodic review of the ratings of SNAM S.p.A. and other ratings that are associated with the same analytical unit.

Moody's assigns Prime-2 short-term rating to SNAM's ECP programme

Moody's Investors Service ("Moody's") has today assigned a Prime-2 (P-2) short term rating to the new E1 billion Euro Commercial Paper Programme (ECP Programme) of SNAM S.p.A. ("SNAM"). The P-2 rating is consistent with SNAM's existing Baa2 long-term issuer and senior un...

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Insider bought: A director bought 85,000 shares at 3.532EUR and

A director at Snam Rete Gas bought 85,000 shares at 3.532EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

SNAM SPA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of SNAM SPA (IT), a company active in the Gas Distribution industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date August 9, 2019, the closing price was EUR 4.36 and its potential was estimated at EUR 5.00.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Snam S.p.A.

Expert Corporate Governance Service (ECGS)

SNAM - EGM 23 October 2019

Italian Law n. 120/2011 introduced a temporary minimum representation (33%) of each gender within all Boards of Italian listed companies. The legal requirements expired at the Snam's Board election of April 2019. In item 1 (extraordinary business), the Board of Directors proposes to amend the Company's Bylaws by introducing the statutory requirement that each gender shall represent at least one third of the members of the corporate bodies (Board of Directors and Board of Statutory Auditors), even after the expiration of legal requirements. We recommend to vote FOR.In item 2 (ordinary business)...

Expert Corporate Governance Service (ECGS)

Snam, April 02nd, 2019

In item 8, the AGM is called to appoint the Board of Directors on slates of nominees  submitted by shareholders holding, even jointly, at least 1.0% of Snam's share capital.  Two slates of nominees have been submitted, by CDP Reti (30.4%) and a group of institutional investors (2.1%). One of the institutional investors that submitted the slate of nominees is Generali  Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note that these partners do not provide consulting services to Generali.  Voting advice is provided primarily as a source of i...

Snam – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - SNAM RETE GAS : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €3.869. Breaking below the support at €3.340 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - SNAM RETE GAS : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 3,869 €. La rupture du support à 3,340 € invaliderait cette tendance.

Jérôme VINERIER

Analyse court terme - SNAM RETE GAS : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 3,869 €. La rupture du support à 3,340 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - SNAM RETE GAS : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €3.869. Breaking below the support at €3.340 would invalidate the trend.

Jérôme VINERIER

Short term view - SNAM RETE GAS : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €3.869 and €4.077. The trend would be invalidated below the support at €3.340.

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