Equita Sim raised its price target for Banco Popular from 15.9 to 16.8 euro and it confirmed the recommendation “buy”. For experts Equita quarterly results were in line with expectations, confirming most of the improvements in the previous quarter. After an encouraging first quarter, in the second quality ‘assets and’ stable, with stock of problem loans Gross flat quarter-on-quarter, and the cost of risk in line with expectations. The new target price incorporates 100% of synergies from M & A from 75% the previous year. Positive Rating also by SocGen which brought the target to € 18 from € 17. Citigroup however the title remains “neutral” with a target that still rises to EUR 16.50 from EUR 15.90. Banco Popolare closed the second quarter with a net profit of 84.3 million. The last closing and ‘was recorded at 15:45 EUR. The percentage change year to date and ‘of 53.58%. First resistance for the title and ‘in 15.7012, a level beyond which prices could reach 16.3281. In case of violation of 15.2512 risk instead of down to 14.8719 EUR. The value traded in the last session of the total value traded by the market and ‘was dell’1.0861% approximately. Last month the change relative to the index FTSE All Share ‘was of 6.63%.
(AM)
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