UniCredit (OTCMKTS:UNCRY) Shares Gap Up – What’s Next?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) gapped up before the market opened on Monday. The stock had previously closed at $42.63, but opened at $45.68. UniCredit shares last traded at $45.54, with a volume of 226,730 shares.

Analysts Set New Price Targets

UNCRY has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of UniCredit in a report on Tuesday, September 15th. They issued a “hold” rating on the stock. Barclays reiterated an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a report on Wednesday, September 2nd. Finally, Citigroup restated a “buy” rating on shares of UniCredit in a research note on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

UniCredit Stock Up 7.1%

The stock has a fifty day moving average of $45.04 and a 200-day moving average of $43.39.

UniCredit Company Profile

UniCredit is a European banking group headquartered in Milan, Italy. It provides financial services to individuals, businesses and institutions, with activities spanning retail and commercial banking, corporate and investment banking, payments, and wealth management.

The group serves customers across Europe, with a presence in Italy, Germany, Austria and Central and Eastern European markets. Its offerings include deposit and lending products, financing and transaction services, and investment and advisory solutions.

UniCredit was formed in 1998 through the consolidation of several Italian banks.