Itau Unibanco Banco Holding SA (ITUB) has risen sharply, recording gains of 4.98% in the past 4 weeks. However, the stock has corrected -2.92% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.01% and the fifty day Moving Average is 9.31%. Itau Unibanco Holding S.A. is up 34.8% in the last three month period. Year-to-Date the stock performance stands at 75.89%.
Itau Unibanco Banco Holding SA (ITUB) stock is expected to deviate a maximum of $1.73 from the average target price of $9 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $8.
Itau Unibanco Banco Holding SA (NYSE:ITUB): stock turned positive on Friday. Though the stock opened at $11.05, the bulls momentum made the stock top out at $11.345 level for the day. The stock recorded a low of $10.79 and closed the trading day at $10.97, in the green by 0.64%. The total traded volume for the day was 18,536,457. The stock had closed at $10.9 in the previous days trading.
Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.