BOC Hong Kong (OTCMKTS:BHKLY) Hits New 1-Year High – Should You Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $134.80 and last traded at $134.80, with a volume of 378 shares trading hands. The stock had previously closed at $134.4020.

Analysts Set New Price Targets

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

BOC Hong Kong Stock Up 0.8%

The business has a fifty day moving average of $124.25 and a 200-day moving average of $117.72. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24.

BOC Hong Kong Company Profile

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.