Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Still a Buy?

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) gapped up prior to trading on Monday. The stock had previously closed at $11.68, but opened at $12.3134. Banco Comercial Portugues shares last traded at $12.2750, with a volume of 593 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Banco Comercial Portugues Trading Up 4.8%

The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 13.46 and a beta of 0.39. The company’s fifty day moving average is $13.59 and its two-hundred day moving average is $12.22.

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, the bank provides financial services to individuals, small and medium-sized businesses, large companies, and institutional clients.

Its activities include retail and commercial banking, corporate and investment banking, private banking, consumer finance, mortgage lending, deposits, payment services, insurance distribution, asset management, and other wealth-management services.