Jim Rogers Remains Optimistic
The analysis firm Jefferies has maintained its rating for Unicredit with a price target of €65.80, keeping it at “Buy.” This recommendation is current and was last confirmed on June 9, 2025. According to analyst Joseph Dickerson, the bank is one of the top five “Top Picks” for 2025, underscoring its attractiveness in the European banking sector.
Importance of the Valuation
- Price Target: The price target of €65.80 signals significant upward potential compared to the current market price.
- Justification: Jefferies believes that the current valuation of Unicredit does not yet sufficiently reflect both the potential for acquisitions as well as the standalone potential. This means that the bank is attractive even without possible takeovers or mergers.
- Market Environment: This week, economic data such as GDP growth in the UK and consumer price data in the Eurozone and the UK are particularly relevant for investors in the banking sector. These macroeconomic factors can influence the development of bank stocks like Unicredit.
Risks and Opportunities
- Russia Withdrawal: A potential withdrawal from Russia could burden the Common Equity Tier 1 (CET1) capital ratio by about 0.25 percentage points. Nevertheless, such a step is expected to overall help the stock price – despite the low valuation of the Russian activities.
- Greek Alpha Bank Stake: However, analysts believe that the recently expanded stake in the Greek Alpha Bank cannot compensate for all burdens of a withdrawal from Russia.
Relevance for German-speaking Investors
Unicredit is one of the larger European financial institutions and is listed on several exchanges, being actively traded in the German-speaking region as well. The recommendation from Jefferies is therefore particularly relevant for institutional and private investors looking for attractive investment opportunities in the European financial sector.
Summary Assessment
Jefferies maintains its positive assessment: Despite potential risks from a withdrawal from Russia, the analysis firm still sees significant value appreciation potential in Unicredit – both due to internal strengths and potential strategic developments within the sector.