Investing.com – After the stock market did not reward the accounts of Intesa Sanpaolo (BIT:), punishing it with -3.13% despite a profit above expectations, the institute led by CEO Carlo Messina try the rebound.
At 9.40 am the stock gained 2.28% compared to the 3.462 euros per share at the last closing.
They are thinking about raising the price revisions to the target price decided by some analysts. Among all, JPMorgan raised Intesa Sanpaolo’s target price from 4 to 4.10 euros, with an “overweight” rating confirmed. At the same time, the market experts of UBS raised the target price of the stock to 4.30 euros per share from the previous 4.20 euros, with a “Buy” recommendation.
According to InvestingPro data, the 21 analysts interviewed set the ISP’s average target price of 3.85 euros, up 8.61% compared to the current 3.54 euros per share. Furthermore, if for 18 experts the stock is a buy and for 3 it is to be held, no one is considering selling Intesa Sanpaolo.
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