Bank of China (OTCMKTS:BACHY) Reaches New 12-Month High – Should You Buy?

Bank of China Limited (OTCMKTS:BACHY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $15.50 and last traded at $15.22, with a volume of 48397 shares changing hands. The stock had previously closed at $14.67.

Wall Street Analysts Forecast Growth

Several research firms have commented on BACHY. The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Bank of America restated a “neutral” rating on shares of Bank of China in a research report on Thursday, March 27th.

Bank of China Stock Up 0.5 %

The firm has a market capitalization of $175.22 billion, a P/E ratio of 5.84 and a beta of 0.18. The business’s 50 day moving average is $13.97 and its two-hundred day moving average is $12.73.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings results on Wednesday, March 26th. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $130.61 billion.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.