Itau Unibanco Banco Holding SA (ITUB) Receives Price Target

Itau Unibanco Banco Holding SA (ITUB) : The highest short term price target forecast on Itau Unibanco Banco Holding SA (ITUB) is $11 and the lowest target price is $8. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $9 with a standard deviation of $1.73.

Itau Unibanco Banco Holding SA (ITUB) : The consensus on Itau Unibanco Banco Holding SA (ITUB) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Equity Analysts at the JP Morgan maintains the rating on Itau Unibanco Banco Holding SA (NYSE:ITUB). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $9 per share to $11 per share. The rating by the firm was issued on August 16, 2016.

Itau Unibanco Banco Holding SA (NYSE:ITUB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.00 and $10.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.14, notching a gain of 0.59% for the day. The total traded volume was 17,059,223 . The stock had closed at $11.08 on the previous day.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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