Royal Bank Of Canada Reaffirms Buy Rating for Intesa Sanpaolo SpA (ISP)

Intesa Sanpaolo SpA (BIT:ISP)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Tuesday, August 1st.

Other research analysts have also issued reports about the stock. UBS AG set a €2.80 ($3.29) price target on shares of Intesa Sanpaolo SpA and gave the company a “buy” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co set a €3.40 ($4.00) price objective on shares of Intesa Sanpaolo SpA and gave the stock a “buy” rating in a report on Wednesday, June 28th. Berenberg Bank set a €1.80 ($2.12) price objective on shares of Intesa Sanpaolo SpA and gave the stock a “sell” rating in a report on Thursday, July 6th. Jefferies Group LLC set a €3.15 ($3.71) price objective on shares of Intesa Sanpaolo SpA and gave the stock a “neutral” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley set a €3.20 ($3.76) price objective on shares of Intesa Sanpaolo SpA and gave the stock a “buy” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of €3.02 ($3.55).

Shares of Intesa Sanpaolo SpA (ISP) opened at 2.916 on Tuesday. The company has a 50-day moving average price of €2.87 and a 200 day moving average price of €2.59. The stock has a market capitalization of €48.94 billion and a P/E ratio of 15.762. Intesa Sanpaolo SpA has a 52 week low of €1.81 and a 52 week high of €2.95.

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About Intesa Sanpaolo SpA

Intesa Sanpaolo S.p.A. provides various banking products and services. It operates through Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance business areas. The company offers industrial credit, factoring, and leasing services; deposit products; capital markets and investment banking services, as well as structured finance; asset management solutions; and insurance and pension products.

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