Bank of Cyprus Holdings Public (LON:BOCH) Stock Price Down 2.8% – Here’s Why

Shares of Bank of Cyprus Holdings Public Limited (LON:BOCH) dropped 2.8% during trading on Thursday . The company traded as low as GBX 375 ($4.88) and last traded at GBX 375 ($4.88). Approximately 514,220 shares traded hands during mid-day trading, an increase of 357% from the average daily volume of 112,607 shares. The stock had previously closed at GBX 386 ($5.02).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bank of Cyprus Holdings Public from GBX 563 ($7.33) to GBX 595 ($7.75) and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Bank of Cyprus Holdings Public Price Performance

The firm has a market cap of £1.66 billion, a PE ratio of 2,678.57 and a beta of 0.77. The stock has a 50 day simple moving average of GBX 381.92 and a 200-day simple moving average of GBX 362.21.

Bank of Cyprus Holdings Public Company Profile

Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally. The company offers current, demand, savings, sight, quick, and fixed deposits; housing, student, vehicle, mortgage, consumer, and business and business premises loans; and trade finance facilities, Escrow, and project finance services, as well as hire purchase services for car and equipment.