sulle banche.........x i 3 mesi...un po de AF............
quasi n eresia qui...............
Italian Sector Peers – Key multiples and data
Company Results on Mkt price Rating Target price P/E (x) P/TBV (x)
EUR/share EUR/share 2009E 2010E 2011E 2009E 2010E 2011E
Unicredit
17-Mar 2.00 BUY 2.84 23.2 16.3 7.5 1.0 0.9 0.8
Banca MPS
26-Mar 1.16 HOLD 1.45 31.0 13.0 7.6 1.0 0.9 0.9
Banco Popolare
30-Mar 4.96 HOLD 6.16 11.2 9.3 6.6 0.7 0.7 0.6
UBI Banca
19-Mar 9.57 ADD 12.18 22.8 13.1 8.3 1.1 1.1 1.0
BP Milano
23-Mar 4.69 ADD 6.46 17.3 12.7 7.1 0.8 0.8 0.8
E: estimates; Source: Intesa Sanpaolo Research