UniCredit (OTCMKTS:UNCRY) PT raised to €17.00 at Berenberg Bank

UniCredit (OTCMKTS:UNCRY – Get Rating) had its price target raised by Berenberg Bank equity research analysts from €14.50 ($14.50) to €17.00 ($17.00) in a research note released on Friday, reports The Fly. The brokerage currently has a “buy” rating on the stock.

Other stock research analysts have also published research reports on the stock. AlphaValue upgraded UniCredit shares to a “reduced” rating in a report on Thursday, October 27. Barclays raised its price target on UniCredit shares from €11.90 ($11.90) to €12.50 ($12.50) and gave the stock an “equal weight” rating in a research report from Monday, October 24. JPMorgan Chase & Co. upgraded UniCredit’s shares from a “neutral” rating to an “overweight” rating in a Tuesday, September 27 research note. Morgan Stanley lowered its price target on UniCredit shares from €15.40 ($15.40) to €15.00 ($15.00) and set an “overweight” rating on the stock in a Friday, August 19 report. Finally, Credit Suisse Group raised its price target on UniCredit shares from €14.40 ($14.40) to €16.90 ($16.90) in a report on Friday, October 28. One research analyst rated the stock with a sell rating, two gave the stock a hold rating, and seven gave the stock a buy rating. Based on data from MarketBeat.com, UniCredit has a consensus rating of “Moderate Buy” and an average price target of $14.80.

UniCredit Price Performance

Shares of UniCredit rose $0.32 on Friday, hitting $6.61. The stock had trading volume of 190,493 shares, compared to an average volume of 336,782. UniCredit has a fifty-two-week low of $4.09 and a fifty-two-week high of $9.05. The company’s 50-day moving average price is $5.49 and its two-hundred-day moving average price is $5.12.

About UniCredit

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UniCredit SpA operates as a commercial bank providing retail, corporate and individual banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, cash and insurance products, as well as digital and mobile banking. The company also provides solutions for payments and liquidity, working capital, hedging, international trade and treasury operations; and financing solutions including structured, project and commodity and export trade finance, as well as debt and equity financing; and structured investments and investment advisory solutions.

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