Analyse Leonardo stock

Plausibility check:
The consensus price target of EUR 68.72 is plausible and is around +31% above the current price of EUR 52.48. Despite the significant upside, it remains within a reasonable valuation range for a European defense/aerospace stock with a structural tailwind.

Quantitative:
The current one P/E ratio of 23.15 is not cheap, but not unusual in the sector given rising defense budgets, improving margins and good visibility. Compared to the 52-week high of 66.24 EUR, the target only implies a moderate premium; Technically it is therefore not excessive. The market capitalization of around EUR 30.36 billion appears to be ju...