Deutsche Bank confirms Bank of Cyprus target

Deutsche Bank has reaffirmed its price target on the shares of Bank of Cyprus Pcl and Marfin Popular Bank, at EUR 14 and EUR 11 per share respectively, and at the same time placing the titles of EFG Eurobank as its top pick.

DB placed a EUR 37 per share price target on Eurobank from EUR 32 previously, while for Piraeus it raised its forecast to EUR 32 from EUR 28 previously. For Bank of Cyprus, the price target remains EUR 14 from EUR 11 per share made previously while for Marfin Popular Bank, the price target remains EUR 11 per share.

The price target on National Bank of Greece is EUR 45, from EUR 43 previously while for Alpha Bank, the target remains EUR 30 per share. All the above mentioned banking shares have a “buy” recommendation placed by DB.