Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Should You Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) shares gapped up prior to trading on Thursday. The stock had previously closed at $13.90, but opened at $14.75. Banco Comercial Portugues shares last traded at $14.75, with a volume of 755 shares.

Wall Street Analysts Forecast Growth

BPCGY has been the subject of a number of research reports. The Goldman Sachs Group cut shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Comercial Portugues Stock Up 6.1%

The firm has a 50 day moving average price of $13.37 and a 200 day moving average price of $11.74. The stock has a market cap of $21.84 billion, a P/E ratio of 16.21 and a beta of 0.40.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.