BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – What’s Next?

BNP Paribas SA (OTCMKTS:BNPQY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.97 and last traded at $54.81, with a volume of 392768 shares trading hands. The stock had previously closed at $53.67.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BNPQY shares. Barclays downgraded BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. Zacks Research upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

BNP Paribas Stock Performance

The firm’s 50 day simple moving average is $47.93 and its 200 day simple moving average is $45.38. The firm has a market capitalization of $120.76 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.77 and a beta of 0.72. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.