Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – What’s Next?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $11.68, but opened at $12.3134. Banco Comercial Portugues shares last traded at $12.2750, with a volume of 593 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Zacks Research upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Banco Comercial Portugues Trading Up 4.8%

The company has a market capitalization of $18.13 billion, a P/E ratio of 13.46 and a beta of 0.39. The stock’s fifty day moving average is $13.59 and its 200 day moving average is $12.22.

About Banco Comercial Portugues

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, the bank provides financial services to individuals, small and medium-sized businesses, large companies, and institutional clients.

Its activities include retail and commercial banking, corporate and investment banking, private banking, consumer finance, mortgage lending, deposits, payment services, insurance distribution, asset management, and other wealth-management services.