JPMorgan Chase & Co. Reiterates “Neutral” Rating for UniCredit SpA (UCG)
UniCredit SpA (BIT:UCG)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a report released on Thursday.
A number of other brokerages have also recently issued reports on UCG. Berenberg Bank set a €2.40 ($2.67) target price on UniCredit SpA and gave the stock a “neutral” rating in a report on Monday, June 27th. Goldman Sachs Group Inc. set a €3.50 ($3.89) target price on UniCredit SpA and gave the stock a “neutral” rating in a report on Tuesday, June 28th. Deutsche Bank AG set a €4.30 ($4.78) target price on UniCredit SpA and gave the stock a “buy” rating in a report on Monday, June 27th. Morgan Stanley set a €3.30 ($3.67) target price on UniCredit SpA and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Finally, Independent Research GmbH set a €2.60 ($2.89) target price on UniCredit SpA and gave the stock a “neutral” rating in a report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. UniCredit SpA has a consensus rating of “Hold” and a consensus target price of €2.88 ($3.20).
UniCredit SpA (BIT:UCG) traded down 3.358% during trading on Thursday, reaching €2.072. 61,881,917 shares of the company’s stock were exchanged. The firm has a market cap of €12.61 billion and a price-to-earnings ratio of 6.684. UniCredit SpA has a 12 month low of €1.70 and a 12 month high of €6.17. The firm’s 50-day moving average price is €2.16 and its 200-day moving average price is €2.48.
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About UniCredit SpA
UniCredit SpA is an Italy-based holding company engaged in the financial sector. Its division model is based on four pillars: Customer Centricity, A Multi-Local Approach, Global Product Lines, and Global Service Lines. The Customer Centricity area focuses on the Retail, Corporate & Investment Banking and Private Banking areas.
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