- Luglio 26, 2023
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
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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.