Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Down – Here’s What Happened

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.62, but opened at $10.70. Banco Comercial Portugues shares last traded at $10.70, with a volume of 100 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The company has a market cap of $16.17 billion, a P/E ratio of 11.76 and a beta of 0.25. The company’s 50-day moving average is $9.79 and its two-hundred day moving average is $8.74.

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.