Intesa Sanpaolo (OTCMKTS:ISNPY – Get Rating) had its target price lowered by Credit Suisse Group from €2.30 ($2.42) to €2.00 ($2.11) in a research note issued to investors on Monday, The Fly reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on the company. UBS Group raised their price target on Intesa Sanpaolo from €3.10 ($3.26) to €3.15 ($3.32) in a report on Monday, February 7th. JPMorgan Chase & Co. dropped their target price on Intesa Sanpaolo from €3.20 ($3.37) to €2.70 ($2.84) and set an “overweight” rating for the company in a report on Monday, March 14th. Societe Generale upgraded Intesa Sanpaolo from a “hold” rating to a “buy” rating in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Intesa Sanpaolo from €3.30 ($3.47) to €3.10 ($3.26) in a report on Wednesday, March 16th. Finally, DZ Bank cut Intesa Sanpaolo from a “buy” rating to a “hold” rating and set a €2.15 ($2.26) target price for the company. in a report on Tuesday, April 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Intesa Sanpaolo presently has an average rating of “Buy” and an average target price of $4.76.
OTCMKTS ISNPY traded down $0.29 during trading on Monday, hitting $11.93. 440,900 shares of the stock traded hands, compared to its average volume of 343,090. The firm has a 50-day simple moving average of $13.10 and a 200-day simple moving average of $15.46. Intesa Sanpaolo has a 12-month low of $11.69 and a 12-month high of $20.22.
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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