Intesa Sanpaolo (OTCMKTS:ISNPY – Get Rating) had its target price lowered by Credit Suisse Group from €2.30 ($2.42) to €2.00 ($2.11) in a research note released Monday to investors, reports The Fly. The brokerage currently has a “neutral” rating on the shares of the financial services provider.
Several other stock analysts have also recently weighed in on the company. UBS Group raised its price target on Intesa Sanpaolo from €3.10 ($3.26) to €3.15 ($3.32) in a Monday, February 7 report. JPMorgan Chase & Co. lowered its price target on Intesa Sanpaolo from €3.20 ($3.37) to €2.70 ($2.84) and set an “overweight” rating for the company in a Monday, March 14 report. Societe Generale upgraded Intesa Sanpaolo from a “hold” rating to a “buy” rating in a Tuesday, March 22 report. Deutsche Bank Aktiengesellschaft lowered its price target on Intesa Sanpaolo from €3.30 ($3.47) to €3.10 ($3.26) in a Wednesday, March 16 report. Finally, DZ Bank upgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating and set a target price of €2.15 ($2.26) for the company. in a report on Tuesday, April 26. Five research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat.com, Intesa Sanpaolo currently has an average rating of “Buy” and an average target price of $4.76.
OTCMKTS ISNPY traded down $0.29 during Monday’s trading, hitting $11.93. 440,900 shares of the stock are trading in the hands, compared to its average volume of 343,090. The company has a 50-day simple moving average of $13.10 and a 200-day simple moving average of 15 $.46. Intesa Sanpaolo has a 12-month low of $11.69 and a 12-month high of $20.22.
About Intesa San Paolo (Get an assessment)
Intesa Sanpaolo SpA provides various financial products and services mainly in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking and Insurance. The Company offers loan and deposit products; corporate, investment and public finance banking; industrial credit, factoring and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension funds, and trust services.
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