• Theme
Equity

Target price lowered for Hungary's OTP

Portfolio
J.P. Morgan has updated its model for OTP and lowered its target price slightly for the Hungarian banking stock.
  • J.P. Morgan has cut its target price for OTP to HUF 14,500 from HUF 14,700 previously, but the new TP is still 24% higher than OTP’s latest closing price on the Budapest Stock Exchange (BSE) on Friday.
  • Analysts’ consensus forecast at Reuters is HUF 11,992, which is merely 3% higher than OTP’s closing price on 25 January.
  • According to the latest research notes, there are 11 ‘Buy’, 1 ‘Hold’ and 2 ‘Sell’ recommendations for OTP.
  • OTP’s share price edged up 3% this year so far.


' title='
 

More in Equity

analyst
November 22, 2024 12:25

Domestic brokerages post a weak quarter

The figures aren't pretty for the first 9 months of 2024 either

otp
November 21, 2024 10:30

ANALYST VIEW - Hungary OTP gets highest target price ever

Analysts keep tweaking their models

Autó persely
November 19, 2024 09:05

Hungarian savings had a particularly weak quarter

Central bank statistics show something went awry

otp bank
November 18, 2024 10:42

ANALYST VIEW - Morgan Stanley ups target price for Hungary's OTP, share price rallies

MS sees major upside potential

nagymarton
November 11, 2024 14:10

Hungarian gov't expects HUF 500 billion from workers' credit, HUF 300 bn from pension funds - EcoMin

HUF 25 bn for the rural home renovation programme and HUF 25 billion on SZÉP cards for renovation

telekommunikáció távközlés telekom
November 08, 2024 15:08

Hungary Magyar Telekom to publish quarterly earnings report - What does the market expect?

Q3 performance to be revealed next week

READ EVEN MORE
LATEST NEWS

Detailed search