Equity
ANALYST VIEW - Another high target price for Hungary's OTP lands
Raiffeisen has set its target price for OTP to HUF 18,700 per share, which offers a 17% upside potential over OTP's closing price on the Budapest Stock Exchange (BSE) on Monday.
The average of target prices for OTP is HUF 18,038, according to the database of Reuters, which is 13% higher than yesterday's closing price. The latest research notes show that there are 13 'Buy' and 2 'Hold' recommendations for OTP, with no analyst recommending to sell the banking stock.
The target price set by Raiffeisen is not among the highest, there are already four analysts with a target price of OTP above HUF 20,000, the highest is still HSBC at HUF 23,150.
