BOC Hong Kong (OTCMKTS:BHKLY) Sets New 52-Week High – Still a Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) reached a new 52-week high on Thursday . The stock traded as high as $117.4912 and last traded at $117.4912, with a volume of 1007 shares trading hands. The stock had previously closed at $113.9480.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, BOC Hong Kong has a consensus rating of “Buy”.

BOC Hong Kong Stock Down 0.6%

The firm has a 50 day moving average of $110.18 and a two-hundred day moving average of $104.59.

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.