BPER tops the Ftse Mib. How far can the stock rise?
BPER Banca tops the Ftse Mib.
How far can the stock rise? S&P Global Ratings analysts have promoted the Italian bank by assigning a BBB-/A-3 rating with a positive outlook: BPER's consolidated presence on the national territory, associated with the restructuring of its assets and profitability prospects, constitute solid pillars that support the creditworthiness of the bank.
As outlined by analysts, BPER's positive outlook reflects the concrete possibility of an upgrade in the next 18-24 months.
This hypothesis obviously depends on the bank's ability to maintain a higher performance trend than its competitors.
Maintaining solid asset quality and sustained profitability, balanced in relation to risk, while maintaining capital solidity is crucial.
The general sentiment of analysts is favorable for BPER.
At the moment, according to the Bloomberg consensus, there are 8 buy recommendations, 4 hold recommendations and 1 sell recommendation on the stock, with an average target price of 4.78 euros, which represents a potential upside of approximately 14.6%.
BPER Banca: operational strategies with UniCredit Turbo Certificates With this week's rise, BPER Banca leaves behind an important resistance area at around 4 euros defined by the 61.8% retracement of the decline that started in 2014.
Normally, the breakdown of this percentage obtained from the Fibonacci sequence heralds the return to the point of origin of the movement: in this case the rally could therefore extend towards the target of 5 euros and upwards to around 6 euros, the top of 2014.
In the opposite direction , drops below 3.96 euros could trigger profit-taking, anticipating the test of the supports at 3.86 and 3.68 euros.
To trade long on BPER Banca it might make sense to use a Unicredit Turbo Open End certificate with ISIN DE000HD3C8M6.
The certificate has BPER Banca as its underlying and has a barrier currently 16.68% away.
To operate Short, however, it may be appropriate to use Unicredit's Turbo Open End Short certificate with ISIN DE000HD3UYN2, having a barrier 6.8% away as the underlying BPER Banca.
We remind you that this barrier corresponds to a real stop loss, intrinsic to the product, upon touching which the position is automatically closed.
Furthermore, Unicredit's Turbo Open End certificates eliminate the problem of the investment time limit without maintaining the presence of the annoying compounding effect.
However, they are complex financial instruments: for trading operations it is important to set a stop loss based on your needs and the right money management rules.
Discover all UniCredit Turbo certificates
