JAPAN POST BANK (OTCMKTS:JPPTY) Trading Up 9% – Still a Buy?

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTYGet Free Report)’s share price rose 9% during trading on Monday . The stock traded as high as $21.25 and last traded at $21.25. Approximately 25,679 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 194,400 shares. The stock had previously closed at $19.50.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of JAPAN POST BANK from a “hold” rating to a “strong sell” rating in a report on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JAPAN POST BANK currently has an average rating of “Hold”.

Read Our Latest Report on JPPTY

JAPAN POST BANK Price Performance

The stock has a 50-day moving average price of $17.94 and a 200 day moving average price of $16.48.

About JAPAN POST BANK

(Get Free Report)

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.

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