Intesa Sanpaolo (OTCMKTS:ISNPY – Get Rating) was downgraded by research analysts at DZ Bank from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports. They presently have a €2.15 ($2.31) target price on the financial services provider’s stock.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group increased their price target on Intesa Sanpaolo from €2.50 ($2.69) to €2.70 ($2.90) and gave the company a “neutral” rating in a research note on Monday, February 7th. UBS Group increased their price target on Intesa Sanpaolo from €3.10 ($3.33) to €3.15 ($3.39) in a research note on Monday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Intesa Sanpaolo from €3.30 ($3.55) to €3.10 ($3.33) in a research note on Wednesday, March 16th. JPMorgan Chase & Co. cut their target price on Intesa Sanpaolo from €3.20 ($3.44) to €2.70 ($2.90) and set an “overweight” rating on the stock in a research report on Monday, March 14th. Finally, Morgan Stanley cut their target price on Intesa Sanpaolo from €3.70 ($3.98) to €3.20 ($3.44) and set an “overweight” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intesa Sanpaolo presently has an average rating of “Buy” and an average price target of $4.84.
Shares of ISNPY opened at $12.74 on Tuesday. Intesa Sanpaolo has a 12-month low of $11.69 and a 12-month high of $20.22. The business has a 50-day simple moving average of $14.09 and a two-hundred day simple moving average of $15.79.
Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.
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