Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $45.3550, but opened at $47.15. Oversea-Chinese Banking shares last traded at $45.2050, with a volume of 1,621 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Oversea-Chinese Banking currently has an average rating of “Strong Buy”.
Check Out Our Latest Report on OVCHY
Oversea-Chinese Banking Stock Performance
The firm’s fifty day moving average price is $48.64 and its 200 day moving average price is $42.46.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore-based financial services group that provides banking, wealth management and insurance services to individuals, businesses and institutions. Its offerings include current and savings accounts, consumer and commercial loans, mortgages, credit cards, trade finance, transaction banking, treasury services and investment products.
Through its banking operations, OCBC serves retail, small-business, corporate and institutional customers.
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