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

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UNCRY shares. Barclays reissued an “overweight” rating on shares of UniCredit in a report on Friday, July 24th. Royal Bank Of Canada initiated coverage on UniCredit in a report on Tuesday, September 15th. They set a “hold” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research report on Wednesday, September 2nd. Finally, Citigroup reiterated a “buy” rating on shares of UniCredit in a research report on Monday, September 28th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UniCredit Stock Up 1.3%

The stock has a 50 day moving average of $44.95 and a two-hundred day moving average of $43.44.

About UniCredit

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.