BNP Paribas (OTCMKTS:BNPQY) Sets New 12-Month High – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $54.97 and last traded at $54.81, with a volume of 392768 shares trading hands. The stock had previously closed at $53.67.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Zacks Research upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Wednesday, January 21st. Barclays downgraded shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

BNP Paribas Price Performance

The firm has a market capitalization of $120.76 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.77 and a beta of 0.72. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s fifty day simple moving average is $47.93 and its 200 day simple moving average is $45.38.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.