Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Here’s Why

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.71, but opened at $9.09. Banco Comercial Portugues shares last traded at $9.09, with a volume of 287 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Banco Comercial Portugues to a “hold” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Banco Comercial Portugues Stock Performance

The business’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $7.94. The firm has a market capitalization of $13.74 billion, a PE ratio of 9.99 and a beta of 0.22. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

About Banco Comercial Portugues

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.