BOC Hong Kong (OTCMKTS:BHKLY) Hits New 12-Month High – Here’s What Happened

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) reached a new 52-week high during trading on Wednesday . The company traded as high as $119.00 and last traded at $119.00, with a volume of 1680 shares traded. The stock had previously closed at $117.85.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

BOC Hong Kong Trading Up 1.6%

The stock’s fifty day moving average price is $110.47 and its 200-day moving average price is $105.06.

BOC Hong Kong Company Profile

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.