UniCredit (OTCMKTS:UNCRY – Get Rating) had its price objective lowered by research analysts at Deutsche Bank Aktiengesellschaft from €15.50 ($16.32) to €14.60 ($15.37) in a note issued to investors on Tuesday, The Fly reports.
Other equities research analysts have also recently issued research reports about the stock. Societe Generale cut shares of UniCredit from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Morgan Stanley decreased their price target on shares of UniCredit from €19.50 ($20.53) to €16.50 ($17.37) in a report on Tuesday, April 26th. JPMorgan Chase & Co. cut shares of UniCredit from an “overweight” rating to a “neutral” rating in a report on Monday, March 14th. Finally, Credit Suisse Group raised their price target on shares of UniCredit from €13.80 ($14.53) to €14.00 ($14.74) in a report on Tuesday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.53.
OTCMKTS:UNCRY opened at $4.16 on Tuesday. UniCredit has a 52 week low of $4.10 and a 52 week high of $9.05. The firm has a 50 day moving average of $5.08 and a 200 day moving average of $6.51.
UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, treasury, and insurance products, as well as digital and mobile banking services. The company also provides solutions for payments and liquidity, working capital, hedging, international trade, and treasury operations; and funding solutions comprising of structured, project, and commodity trade and export finance, as well as debt and equity funding; and structured investments and investments advisory solutions.
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