Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Here’s What Happened

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) gapped up prior to trading on Monday . The stock had previously closed at $13.35, but opened at $14.1220. Banco Comercial Portugues shares last traded at $14.1220, with a volume of 1,120 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BPCGY. The Goldman Sachs Group lowered Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Banco Comercial Portugues Trading Down 0.2%

The firm has a 50-day moving average price of $13.15 and a 200 day moving average price of $11.56. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 15.49 and a beta of 0.40.

About Banco Comercial Portugues

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.