BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Here’s What Happened

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.20, but opened at $6.5250. BB Seguridade Participacoes shares last traded at $6.58, with a volume of 80,429 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

BB Seguridade Participacoes Price Performance

The company’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $6.44. The firm has a market capitalization of $13.60 billion, a PE ratio of 8.19, a P/E/G ratio of 2.52 and a beta of 0.34.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 78.13%. The company had revenue of $486.61 million during the quarter, compared to analysts’ expectations of $509.09 million. On average, analysts anticipate that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).