Intesa Sanpaolo’s (ISNPY) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Intesa Sanpaolo (OTCMKTS:ISNPY) in a research note released on Friday, The Fly reports.

Several other brokerages have also recently weighed in on ISNPY. Credit Suisse Group cut shares of Intesa Sanpaolo from an outperform rating to a neutral rating in a research report on Thursday, June 10th. Zacks Investment Research upgraded shares of Intesa Sanpaolo from a sell rating to a hold rating in a research report on Tuesday. UBS Group reiterated a buy rating on shares of Intesa Sanpaolo in a research report on Monday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of Intesa Sanpaolo in a research report on Thursday, August 5th. Finally, Jefferies Financial Group cut shares of Intesa Sanpaolo from a buy rating to a hold rating in a research report on Monday, June 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $19.00.

Shares of ISNPY opened at $17.11 on Friday. The company’s fifty day moving average is $16.75 and its 200 day moving average is $16.81. Intesa Sanpaolo has a fifty-two week low of $9.70 and a fifty-two week high of $18.23. The stock has a market capitalization of $55.41 billion, a PE ratio of 21.39 and a beta of 1.34.

About Intesa Sanpaolo

Intesa Sanpaolo SpA engages in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance, and Corporate Centre. The Banca dei Territori segment oversees the traditional lending and deposit collection activities in Italy.

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