J.P. Morgan has raised its target price for Hungary’s OTP Bank on Monday. The new TP is almost 25% higher than OTP’s current share price on the Budapest Stock Exchange (BSE).
J.P. Morgan has raised its target price for OTP to HUF 15,800 from HUF 15,500 previously. The new TP offers a 25% upside potential over OTP’s closing price on the BSE last Friday. According to the Reuters database, this is the highest target price for OTP at the moment.
Analysts remain upbeat about OTP. The Reuters database shows 8 ‘Buy’, 4 ‘Hold’ and 2 ‘Sell’ recommendations.
The median target price of analysts is HUF 14,100, which is 11.5% higher than last Friday’s closing price.
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