UniCredit (OTCMKTS:UNCRY) Gets Buy Rating from Goldman Sachs Group Analysts

Goldman Sachs Group research analysts have launched a hedge on the shares of UniCredit (OTCMKTS:UNCRY – Get a rating) in a note released Friday to investors, Fly reports. The brokerage has set a “buy” rating on the stock.

Several other equity research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut its price target on UniCredit from €15.50 ($16.49) to €14.60 ($15.53) in a Tuesday, May 10 research note. JPMorgan Chase & Co. lowered its price target on UniCredit from €12.00 ($12.77) to €11.70 ($12.45) and set a “neutral” rating for the company in a memo. research of Thursday, May 19. Morgan Stanley lowered its price target on UniCredit from €19.50 ($20.74) to €16.50 ($17.55) in a Tuesday, April 26 research note. Societe Generale upgraded UniCredit from a “buy” rating to a “hold” rating in a Tuesday, March 22 research note. Finally, Credit Suisse Group raised its price target on UniCredit from €13.80 ($14.68) to €14.00 ($14.89) in a Tuesday, May 10 research note. Four research analysts gave the stock a hold rating and seven gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.20.

Shares of UNCRY rose $0.03 on Friday, hitting $5.79. The company had a trading volume of 304,308 shares, compared to an average volume of 357,423. The stock’s 50-day moving average is $5.08 and its two-hundred-day moving average is 6.38 $. UniCredit has a 12-month low of $4.10 and a 12-month high of $9.05.

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About UniCredit (Get a rating)

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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Analyst recommendations for UniCredit (OTCMKTS: UNCRY)

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