After the admission to the Star segment of Illimity Bank’s Milan list, we can say that a new star shines in the Italian banking sector. In fact, admission to a market with more severe regulation represents an important milestone for the bank founded and led by Corrado Passera. We remind you that the Star segment of the Italian Stock Exchange is reserved for companies with excellent requirements in terms of transparency and communication, liquidity and corporate governance.
Even for analysts, Illimity Bank is an excellent stock so much so that the average consensus is Buy, buy now, with an average target price that expresses an undervaluation of 20%.
Also from the point of view of the growth prospects Illimity Bank is an excellent prospect. In fact, for the next three years, revenues and profits are expected to grow much more (at least by a factor of 2) compared to competitors in the banking sector. For example, earnings are expected to grow at a rate of over 60% per year, against a banking sector where earnings are expected to grow by 30%.
We can, therefore, say that a new star is shining in the Italian banking sector.
Graphical and forecast analysis on Illimity Bank stock
Illimity Bank (MIL: ILTY) closed the session on 15 September with an increase of 1.27% compared to the previous session at € 8.74.
In both the short and medium term the current trend is firmly bullish with targets that have a potential gain of more than 50%.
Notwithstanding, therefore, that the objectives are those indicated in the following figures, the important points to be identified are the price levels below which the trend turns down.
On the daily time frame, closures below € 8.672 would undermine the short-term scenario. The average one, on the other hand, would be disavowed by a weekly close of less than € 7.765.
Illimity Bank: ongoing bullish projection on the daily time frame. The red oblique lines represent the Running Bisector levels; the horizontal lines the levels of The New Law of Vibration. The volume for each price level is shown on the left. The middle panel reports BottomHunter’s signal. The minimum on the considered time frame is marked when it is equal to 1. The lower panel shows the volume traded for each bar compared with a 20-period zero lag exponential moving average.
–
Illimity Bank: ongoing bullish projection on the weekly time frame. The red oblique lines represent the Running Bisector levels; the horizontal lines the levels of The New Law of Vibration. The volume for each price level is shown on the left. The middle panel reports BottomHunter’s signal. The minimum on the considered time frame is marked when it is equal to 1. The lower panel shows the volume traded for each bar compared with a 20-period zero lag exponential moving average.
–
Deepening
The closing of September could make Unicredit fly towards a rise of 170% in the long term
–
:quality(80)/cdn-kiosk-api.telegraaf.nl/2121fc8a-f7e8-11ea-8b6b-02c309bc01c1.JPG?resize=150%2C150&ssl=1 "Tropical heat over, back to pleasant late summer weather | Inland")
