Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Still a Buy?

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.2750, but opened at $13.74. Banco Comercial Portugues shares last traded at $13.3840, with a volume of 660 shares.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Zacks Research lowered shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Banco Comercial Portugues currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Banco Comercial Portugues

Banco Comercial Portugues Price Performance

The firm has a market capitalization of $19.81 billion, a P/E ratio of 14.71 and a beta of 0.38. The business’s 50-day moving average is $11.79 and its 200 day moving average is $10.67.

Banco Comercial Portugues Company Profile

(Get Free Report)

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.

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