J.P. Morgan analyst Mehmet Sevim maintained a Buy rating on Piraeus Financial Holdings today and set a price target of €9.00. The company’s shares closed last Monday at €7.31.
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Sevim covers the Financial sector, focusing on stocks such as Alpha Bank, Eurobank Ergasias, and National Bank of Greece SA. According to TipRanks, Sevim has an average return of 41.9% and an 88.89% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Piraeus Financial Holdings with a €8.18 average price target.
Based on Piraeus Financial Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €857 million and a net profit of €276 million. In comparison, last year the company earned a revenue of €1 billion and had a net profit of €330 million
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