MILAN ( – Integrae Sim confirmed its Buy recommendation on Gel and raised the target price from 3.6 to 3.7 euros per share. “The 2017 results allow us to keep our estimates for 2018 – 2022 unchanged – analysts write – Our estimates take into account the positive dynamics expected for the sector. Our estimates predict that in 2018 Gel will invest a total of 2.4 mln of Euro”. For the current year, forecasts for the water treatment company are 16.9 million in revenues, 4.3 in ebitda and 1.5 in net profit, while for the next year 18.9 million in revenues, with an ebitda growth of 5.6 million and a net profit of 2.6 million. The title is worth 10.2 times the expected profits for the current year and 5.8 times those of the next financial year, with a multiple ev / ebitda of 5.8 times on the 2018 plots and 4.5 times on 2019.