UniCredit (OTCMKTS:UNCRY) Price Target Cut to €11.70

UniCredit (OTCMKTS:UNCRYGet Rating) had its price target trimmed by JPMorgan Chase & Co. from €12.00 ($12.50) to €11.70 ($12.19) in a report released on Thursday, The Fly reports. The brokerage currently has a neutral rating on the stock.

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

UniCredit stock opened at $5.25 on Thursday. The business has a 50 day moving average of $5.04 and a 200-day moving average of $6.41. UniCredit has a 1 year low of $4.10 and a 1 year high of $9.05.

About UniCredit (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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