UniCredit SpA (UCG) Given Average Recommendation of “Buy” by Brokerages
UniCredit SpA (BIT:UCG) has received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is €20.40 ($23.72).
A number of brokerages have commented on UCG. Royal Bank of Canada set a €21.00 ($24.42) price objective on UniCredit and gave the stock a “buy” rating in a report on Monday. UBS Group set a €18.70 ($21.74) target price on UniCredit and gave the company a “buy” rating in a report on Monday. Morgan Stanley set a €19.00 ($22.09) target price on UniCredit and gave the company a “buy” rating in a report on Tuesday, July 3rd. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on UniCredit and gave the company a “buy” rating in a report on Thursday, June 28th. Finally, Oddo Bhf set a €19.50 ($22.67) target price on UniCredit and gave the company a “buy” rating in a report on Monday, June 18th.
UCG traded up €0.21 ($0.24) during midday trading on Friday, reaching €17.22 ($20.02). 26,190,000 shares of the company were exchanged, compared to its average volume of 17,270,000. UniCredit has a one year low of €12.82 ($14.91) and a one year high of €18.38 ($21.37).
UniCredit Company Profile
UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Eastern Europe, Fineco, Group Corporate Centre, and Non-Core segments. It offers retail, corporate, and private banking services; credit, trading, and investment services; leasing and factoring services; transactional, investment, and credit products and services; insurance solutions; and structured financing, and hedging and treasury solutions.
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