Intesa Sanpaolo (OTCMKTS:ISNPY) Shares Gap Down – Here’s What Happened

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $43.20, but opened at $41.70. Intesa Sanpaolo shares last traded at $41.72, with a volume of 35,884 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. Zacks Research downgraded Intesa Sanpaolo from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Citigroup began coverage on Intesa Sanpaolo in a research note on Friday, November 6th. They set a “strong-buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 2.7%

The firm has a market capitalization of $123.87 billion, a price-to-earnings ratio of 10.80 and a beta of 0.85. The company’s fifty day moving average is $43.44 and its two-hundred day moving average is $41.91.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group serving individuals, businesses and institutional clients. Its services include retail and commercial banking, lending, payments, investment banking, wealth management, asset management and insurance. The group was formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. It is headquartered in Italy and has an international presence, including operations in Central and Eastern Europe and other markets. Intesa Sanpaolo’s activities span everyday banking and financing as well as investment and advisory services, delivered through its banking network and specialist businesses.