Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 52-Week High – Time to Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares hit a new 52-week high on Wednesday . The company traded as high as $47.66 and last traded at $47.65, with a volume of 4752 shares traded. The stock had previously closed at $47.29.

Analysts Set New Price Targets

A number of research analysts have recently commented on ISNPY shares. Morgan Stanley reissued an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intesa Sanpaolo in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Intesa Sanpaolo currently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Trading Up 0.5%

The company has a market capitalization of $140.03 billion, a P/E ratio of 12.77 and a beta of 0.79. The company has a 50 day moving average price of $42.85 and a 200 day moving average price of $40.75.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.