High Quality Food, company active in the agroindustrial sector, closed yesterday’s session with a rise of almost the +14% to 0.87 euros.
With over 266,000 pieces traded, volumes were well above the daily average.
Yesterday Websim Corporate Research started the coverage on the title with Buy rating (Very Interesting), e target price of 1.40 euros.
The positive recommendation is based on several aspects: the agro-industry project to support the high quality of the products, the expansion of the HQF brand, the expected growth of Ho.Re.Ca, a growing margin and an undervaluation compared to competitors.
High Quality Food has a distinctive business model, based on a vertical system of integration of the production chain, which involves the production, transformation and distribution of quality fine food made in Italy (approx. 3,300 products) mainly intended for the Ho.Re.Ca markets. (Hotellerie-Restaurant-Café) Italian and foreign.
Thanks to its high-end product portfolio and a production chain that allows traceability through blockchainand therefore extremely high product quality, the Company stands out in a highly competitive market, analysts say.
ABOUT HIGH QUALITY FOOD
High Quality Food (HQF) SpA, leader of the Group of the same name, has been active since 2005 in the high quality agro-industrial sector, with a distinctive business model, based on a vertical system of integration of the production chain, which includes, also through collaboration with a network of partner agricultural companies, production, transformation and distribution of quality fine food made in Italy mainly intended for Ho.Re.Ca markets. Italians and foreigners. The Group offers a variety of 3,300 products, and records a trend of constant growth in the demand for luxury food service food products which it satisfies with a multi-channel sales approach. The company has made every stage of the value chain of some products traceable to the consumer via blockchain technologies. In 2013 HQF began a process of international expansion and today has 5 offices around the world: in Italy, in Rome (headquarters), and abroad in Hong Kong, London, Singapore and Ibiza.
Websim Corporate Research is a sponsored research service from Intermonte. Websim Corporate operates as a corporate broker/specialist with a focus on Italian small and micro caps
