Shares of BNP Paribas SA (EPA:BNP) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is €50.79 ($59.06).
Several equities research analysts recently commented on BNP shares. Royal Bank of Canada set a €55.00 ($63.95) price target on BNP Paribas and gave the company a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank set a €57.00 ($66.28) price target on BNP Paribas and gave the company a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group reaffirmed a “buy” rating on shares of BNP Paribas in a report on Tuesday, August 6th. JPMorgan Chase & Co. set a €48.00 ($55.81) price target on BNP Paribas and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, UBS Group set a €52.00 ($60.47) price target on BNP Paribas and gave the company a “buy” rating in a report on Wednesday, July 31st.
Shares of EPA:BNP traded down €0.88 ($1.02) during midday trading on Friday, hitting €40.07 ($46.59). The company had a trading volume of 4,349,421 shares, compared to its average volume of 3,880,000. BNP Paribas has a twelve month low of €57.24 ($66.56) and a twelve month high of €69.17 ($80.43). The firm’s 50-day moving average is €41.67.
BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services.
Read More: Initial Public Offering (IPO)
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