UniCredit (OTCMKTS:UNCRY) Given New €11.70 Price Target at JPMorgan Chase & Co.

UniCredit (OTCMKTS:UNCRYGet Rating) had its price objective lowered by analysts at JPMorgan Chase & Co. from €12.00 ($12.50) to €11.70 ($12.19) in a research report issued on Thursday, The Fly reports. The firm currently has a “neutral” rating on the stock.

Several other equities analysts also recently issued reports on the company. Societe Generale downgraded UniCredit from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Credit Suisse Group lifted their price objective on UniCredit from €13.80 ($14.38) to €14.00 ($14.58) in a research report on Tuesday, May 10th. Morgan Stanley cut their price objective on UniCredit from €19.50 ($20.31) to €16.50 ($17.19) in a research report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on UniCredit from €15.50 ($16.15) to €14.60 ($15.21) in a research report on Tuesday, May 10th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $14.20.

UNCRY stock traded up $0.03 during trading on Thursday, hitting $5.15. The company had a trading volume of 575,811 shares, compared to its average volume of 446,569. The company has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $6.43. UniCredit has a fifty-two week low of $4.10 and a fifty-two week high of $9.05.

UniCredit Company Profile (Get Rating)

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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