Intesa Sanpaolo (OTCMKTS:ISNPY) Given New €3.20 Price Target at Morgan Stanley

Intesa Sanpaolo (OTCMKTS:ISNPY – Get Rating) had its price objective trimmed by Morgan Stanley from €3.70 ($3.98) to €3.20 ($3.44) in a research report report published on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

ISNPY has been the subject of a number of other research reports. UBS Group upped their target price on Intesa Sanpaolo from €3.10 ($3.33) to €3.15 ($3.39) in a report on Monday, February 7th. Zacks Investment Research cut Intesa Sanpaolo from a buy rating to a hold rating in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Intesa Sanpaolo from €3.30 ($3.55) to €3.10 ($3.33) in a research note on Wednesday, March 16th. JPMorgan Chase & Co. decreased their price target on Intesa Sanpaolo from €3.20 ($3.44) to €2.70 ($2.90) and set an overweight rating for the company in a research note on Monday, March 14th. Finally, Credit Suisse Group increased their price target on Intesa Sanpaolo from €2.50 ($2.69) to €2.70 ($2.90) and gave the company a neutral rating in a research note on Monday, February 7th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $4.84.

Shares of ISNPY opened at $12.26 on Monday. Intesa Sanpaolo has a 12-month low of $11.69 and a 12-month high of $20.22. The business has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $15.70.

Intesa Sanpaolo Company Profile (Get Rating)

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.

Featured Stories