UniCredit SpA (IT:UCG)

UniCredit SpA

Italian commercial bank UniCredit is a leading financial institution in Italy with operations spread across Europe. Despite the bank’s stock surging by a substantial 168% in the past year, analysts maintain a bullish outlook, expecting further growth in its price.

Yesterday, analyst Ignacio Cerezo from UBS confirmed his Buy rating on the stock, predicting a huge upside of more than 50% in the share price. Cerezo is highly bullish on the stock and also raised his price target on the stock from €31.5 to €34.0.

Overall, UCG stock has a Strong Buy rating backed by all 11 Buy recommendations. The average price forecast is €27.41, which is 23.4% above the current trading levels.