(CercleFinance.com) – Barclays reaffirms its ‘overweight’ recommendation on UniCredit with a price target raised from 33.5 to 35.9 euros, in the wake of an adjusted EPS estimate raised by 7% after the results of the last quarter 2023.
According to the broker, the Italian bank will redistribute around 31% of its market capitalization over the next two years and its valuation looks convincing at a 2024 P/E ratio of five times, ‘especially considering the resilience of profitability at the future’.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
