Kepler Capital Upgrades Banca Mediolanum SpA (BNMDF) to Buy

Kepler Capital analyst Nicolas Payen upgraded Banca Mediolanum SpA (BNMDFResearch Report) to Buy on November 27 and set a price target of EUR7.80. The company’s shares closed last Tuesday at $9.00.

According to TipRanks.com, Payen is a 1-star analyst with an average return of -3.2% and a 41.4% success rate. Payen covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Helgeland Sparebank, and Erste Group Bank AG.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Banca Mediolanum SpA with a $9.54 average price target.

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Based on Banca Mediolanum SpA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $737 million and net profit of $99.35 million. In comparison, last year the company earned revenue of $1.13 billion and had a net profit of $113 million.

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Banca Mediolanum SpA provides commercial banking services. Its products include checking, current and savings accounts, mortgages, insurance, pension, topping-up mobile phones and the payments of taxation, utility and other bills. The company was founded in 1997 and is headquartered in Basiglio, Italy.