BOC Hong Kong (OTCMKTS:BHKLY) Hits New 52-Week High – Should You Buy?

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLYGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $119.00 and last traded at $119.00, with a volume of 1680 shares changing hands. The stock had previously closed at $117.85.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on BOC Hong Kong

BOC Hong Kong Stock Performance

The business’s 50 day simple moving average is $110.47 and its 200 day simple moving average is $105.06.

About BOC Hong Kong

(Get Free Report)

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.

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