Banco BPM S.p.A. (OTCMKTS:BNCZF – Get Rating) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,634,000 shares, an increase of 19.5% from the June 30th total of 3,039,800 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.
Banco BPM Stock Performance
OTCMKTS BNCZF opened at $3.26 on Thursday. The stock’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.26. Banco BPM has a one year low of $3.26 and a one year high of $3.26.
Analysts Set New Price Targets
Several research firms have recently weighed in on BNCZF. Morgan Stanley lowered their price objective on Banco BPM from €4.20 ($4.33) to €3.60 ($3.71) and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Barclays dropped their price objective on Banco BPM from €3.80 ($3.92) to €3.50 ($3.61) and set an “overweight” rating for the company in a research note on Thursday, July 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Banco BPM from €3.60 ($3.71) to €3.30 ($3.40) in a research note on Friday, July 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.47.
Banco BPM Company Profile
Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. The company operates through Retail, Corporate, Institutional, Private, Investment Banking, Strategic Partnerships, Leases, and Corporate Centre segments.
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