Is UniCredit (BIT:UCG) now a ‘Buy’ After a Deutsche Bank AG Upgrade?

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UniCredit (BIT:UCG) Stock Upgrade

Deutsche Bank AG hiked the rating on UniCredit (BIT:UCG) shares to a “Buy”. This change in their rating was just issued to investors and clients in a very recent research note earlier today.

From a total of 8 analysts covering UniCredit (BIT:UCG) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is €7.70 while the lowest target price is €5. The mean of all analyst targets is €6.23 with a 13.89% above today’s (€5.47) stock price. UniCredit was the topic of 11 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on November 21 to “Underweight” rating. Societe Generale upgraded shares to “Buy” rating and €7 target share price in a report from a September 10. Citigroup maintained UCG stock in a recent report from November 17 with “Neutral” rating. JP Morgan maintained the rating on September 5. JP Morgan has a “Neutral” rating and a €6.20 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a September 22.

The stock decreased 1.00% or EUR 0.06 on December 2, striking EUR 5.47. Approximately 33.77 million shares of stock traded hands or Infinity% up from the average. UniCredit SpA (BIT:UCG) has declined 8.84% since May 6, 2015 and is downtrending. It has underperformed by 8.64% the S&P500.

 Is UniCredit (BIT:UCG) now a ‘Buy’ After a Deutsche Bank AG Upgrade?

UniCredit SpA is an Italy-based holding firm engaged in the financial sector. The company has a market cap of 32.66 billion EUR. The Company’s division model is based on four pillars: Customer Centricity, A Multi-Local Approach, Global Product Lines, and Global Service Lines. It has 16.37 P/E ratio. The Customer Centricity area focuses on the Retail, Corporate & Investment Banking and Private Banking areas.

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