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Unicaja maintains the confidence of Citi in order to present its results


Citi keeps your bet on Unicaja. The bank will publish its accounts this Thursday and will do so with the support of the US firm. This, reiterates its advice to 'buy' and raises its target price from 1.04 euros to 1.10 euros per share. Currently, the title is listed around 0.91 euros.

Citi anticipates a net profit 7% lower than the one projected by the market consensus for Unicaja for its last quarter of 2019. The US also reviews the Spanish BPA (-27% compared to the consensus in 2019 and + 6% regarding to consensus by 2020).

The positive recommendation of Citi joins that of Jefferies, which began the coverage of Unicaja with a 'buy' advice and a target price of 1.20 euros.

From a technical aspect, the analyst of Bolsamanía, J.M. Rodriguez, acknowledged a few days ago that despite not being a value especially to his liking, "we must recognize that it is one of the banks that has best bounced off the 2019 lows."

"Let's say that as long as this continues drawing minimum and maximum increasing short-term we will still not have the slightest sign of weakness within the current rebound structure "Apostille

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