Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $45.83, but opened at $43.62. Oversea-Chinese Banking shares last traded at $43.66, with a volume of 2,873 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Research Report on OVCHY
Oversea-Chinese Banking Trading Down 1.7%
The firm has a fifty day moving average price of $47.97 and a 200 day moving average price of $40.11.
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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