Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Still a Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) gapped up before the market opened on Friday . The stock had previously closed at $9.95, but opened at $10.6750. Banco Comercial Portugues shares last traded at $10.6750, with a volume of 782 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Banco Comercial Portugues Stock Up 7.3%

The firm’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $9.81. The stock has a market capitalization of $15.80 billion, a P/E ratio of 11.73 and a beta of 0.34.

Banco Comercial Portugues Company Profile

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.