An issue of BNP Paribas SA (EPA:BNP) debt rose 2% against its face value during trading on Friday. The debt issue has a 7% coupon and is set to mature on August 16, 2049. The bonds in the issue are now trading at $102.50. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. set a €47.00 ($54.65) price target on shares of BNP Paribas and gave the stock a “neutral” rating in a report on Wednesday. Barclays set a €47.00 ($54.65) price target on shares of BNP Paribas and gave the stock a “sell” rating in a report on Monday. Goldman Sachs Group set a €68.00 ($79.07) price objective on shares of BNP Paribas and gave the company a “buy” rating in a report on Wednesday, March 6th. HSBC set a €46.00 ($53.49) price objective on shares of BNP Paribas and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Berenberg Bank set a €45.00 ($52.33) price objective on shares of BNP Paribas and gave the company a “neutral” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €53.21 ($61.87).
BNP Paribas SA has a 1 year low of €57.24 ($66.56) and a 1 year high of €69.17 ($80.43).
BNP Paribas Company Profile (EPA:BNP)
BNP Paribas SA provides a range of banking and financial services in France and internationally. The company operates through two divisions, Retail Banking and Services; and Corporate and Institutional Banking. It offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services.
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