Intesa Sanpaolo SpA (OTCMKTS:ISNPY – Get a rating) benefited from a sharp fall in short-term interest rates during the month of February. As of Feb. 28, there was short interest totaling 37,600 shares, down 45.1% from the total of 68,500 shares on Feb. 13. Based on an average daily trading volume of 665,200 shares, the short-term interest rate ratio is currently 0.1 day.
Shares of OTCMKTS ISNPY fell $0.26 on Friday, hitting $12.51. 184,491 shares of the company were traded, against an average volume of 327,266. Intesa Sanpaolo has a fifty-two week low of $11.69 and a fifty-two week high of $20.22. The company has a 50-day moving average of $16.91 and a 200-day moving average of $16.61.
ISNPY has been the subject of a number of analyst reports. Morgan Stanley raised its price target on shares of Intesa Sanpaolo from €3.30 ($3.59) to €3.70 ($4.02) in a Tuesday, February 15 research report. Credit Suisse Group raised its price target on Intesa Sanpaolo shares from €2.50 ($2.72) to €2.70 ($2.93) and gave the company a “neutral” rating in a Monday, February 7, research report. UBS Group raised its price target on Intesa Sanpaolo shares from €3.10 ($3.37) to €3.15 ($3.42) in a Monday, February 7 research report. Societe Generale raised its target price on Intesa Sanpaolo shares from €2.65 ($2.88) to €2.75 ($2.99) and assigned the stock a “hold” rating in a research report from Monday, February 7. Ultimately, Zacks Investment Research upgraded Intesa Sanpaolo shares from a “hold” rating to a “buy” rating and set a target price of $19.00 on the stock in a Monday, February 28 research report. Four investment analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, the stock currently has an average buy rating and a consensus price target of $6.26.
Company Profile Intesa Sanpaolo (Get a rating)
Intesa Sanpaolo SpA is engaged in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance and Corporate Center. The Banca dei Territori segment oversees traditional lending and deposit taking activities in Italy.
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