BOC Hong Kong (OTCMKTS:BHKLY) Shares Up 7.9% – What’s Next?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) shares shot up 7.9% during trading on Friday. The stock traded as high as $135.38 and last traded at $135.38. 398 shares changed hands during trading, a decline of 89% from the average daily volume of 3,619 shares. The stock had previously closed at $125.4510.

Analysts Set New Price Targets

Separately, China Intl Cap raised shares of BOC Hong Kong to a “strong-buy” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, BOC Hong Kong presently has an average rating of “Strong Buy”.

BOC Hong Kong Stock Performance

The stock has a 50 day simple moving average of $129.77 and a 200 day simple moving average of $118.61.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.

The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.