Ferrari Share Buyback Program Update

Ferrari’s stock price has been increasing following a recent upgrade by Deutsche Bank to a “buy” rating with a target price of 520 euros.

Share Buyback Program Progress

The company has made significant purchases under its share buyback program, acquiring 67,466 common shares at an average price of 406.55 euros. This brings the total number of treasury shares to a significant portion of the company’s total issued share capital.

Treasury Share Capital

Ferrari’s treasury shares now represent 8.73% of its total issued share capital.

Annual General Meeting

The company has also held its 67th Annual General Meeting, with the notice of the meeting published in local newspapers.