Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – What’s Next?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.43, but opened at $9.80. Banco Comercial Portugues shares last traded at $9.80, with a volume of 500 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 10.77 and a beta of 0.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $8.93 and a two-hundred day moving average price of $8.18.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.