Banco Comercial Portugues (OTCMKTS:BPCGY) Reaches New 1-Year High – Here’s What Happened

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) reached a new 52-week high on Tuesday . The stock traded as high as $11.93 and last traded at $11.93, with a volume of 100 shares trading hands. The stock had previously closed at $10.22.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The company has a market capitalization of $15.95 billion, a P/E ratio of 11.84 and a beta of 0.25. The stock’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $9.07.

Banco Comercial Portugues Company Profile

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.