Unicredit shares at +90% in a year but can rise further. Analysts say “buy”

The Unicredit shares they are among the fittest in the entire Ftse Mib. The banking giant, in fact, has gained as much as 90 percent compared to a year ago. The “credit” for this very robust performance is undoubtedly the record performance of 2023, however even in the last month, despite coming off a long run, Unicredit’s prices grew by 6 percent.

In short, from any time horizon you look at it Unicredit graphthe color does not change and is that of intense green. The traders who months ago included the banking stock in their portfolio, perhaps reserving an excellent weight for it, will certainly be happy with the performance of Piazza Gae Aulenti. And those who haven’t done it still have time to buy Unicredit shares or are the margins for increases now closed?

Taking experts’ analyzes into consideration serves precisely this purpose, i.e. to evaluate any room for an increase in a stock. Obviously, to have truthful data, it is better to rely on the most recent analysts’ assessments.

Precisely in recent days the Equita experts have intervened on the actions of Piazza Gae Aulenti. Double good news right away: the Milanese SIM reiterated its buy on Unicredit and the upside potential isn’t bad at all either.

In short, Unicredit shares, despite the long rally from which they have just returned, can still grow and therefore remain to be purchased.

Still buy rating on Unicredit from Equita

In a recent report on the listed banking sector, Equita experts reiterated their buy rating with a target price of 41 euros. Compared to the current price of Piazza Gae Aulenti, equal to 36.2 euros, there is a fair amount of upside potential. That 41 euros is the target price at which, according to Equita’s analysis, Unicredit shares could rise.

The report from the Milanese SIM arrived after an interview given by the CEO of the group, Andrea Orcel, to the Financial Times in which a topic is addressed which, in theory, is always capable of arousing a certain interest among investors: that of banking risk.

The manager of Piazza Gae Aumenti, while reiterating the bank’s interest in M&A operations including European ones, however admitted that the regulatory conditions for consolidations of a similar scale do not exist. For Orcel, in fact, an effective Banking Union or even a common capital market is completely absent and for this reason it is very complicated to carry out cross-border operations due to thepossibility of extracting synergies.

In the current state of affairs, in fact, one possible integration between two European banks it would need not only the green light from regulators but also that of the governments of the two countries.

It is not only a long but also a very complex path that tends to discourage and in fact Orcel himself stated that, despite there being an opening to M&A operations, Unicredit has not found the right conditions to carry out a deal.

Unicredit Societè Generale merger are just rumors

During the interview Orcel also made a reference to the return of rumors about a remote possibility of merger between Unicredit and the French Societè Generale. The hypothesis has once again come to the fore following French President Macron’s recent declarations regarding the need to proceed with mergers between European banks, including French ones. The number one at the Elysée clearly said that Paris would not pose obstacles to a possible foreign buyer for the giant Societè Generale.

Macron’s words brought back to life years-old rumors regarding one M&A operation between SocGen and Unicredit.

Well, the CEO of Unicredit clearly said that there is no hypothesis in this regard, adding that, although Macron’s position is to be praised, if the rules do not change there will never be mergers between European banks.

Case closed, then.

Returning to Unicredit shares, we remember that in any case analysts’ assessments, such as that expressed by Equita, but also rumors about possible aggregations, can always be evaluated from a speculative perspective. Among other things, Italian shares such as Unicredit can be traded both with brokers such as eToro and with banks such as Fineco.

• eToro: allows you to buy real Unicredit shares and always from the same platform trading through stock CFDs operating with leverage. eToro’s strong point is copy trading.

• Fineco: bank with trading platform allows you to buy real shares and at the same time trade with CFDs and super CFDs. Among the recent innovations is the launch of the new trading-only account without fixed costs.

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