BOC Hong Kong (OTCMKTS:BHKLY) Sets New 52-Week High – What’s Next?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $134.80 and last traded at $134.80, with a volume of 378 shares changing hands. The stock had previously closed at $134.4020.

Analysts Set New Price Targets

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Get BOC Hong Kong alerts:

Get Our Latest Analysis on BHKLY

BOC Hong Kong Stock Up 0.8%

The company has a 50-day simple moving average of $124.25 and a 200-day simple moving average of $117.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

BOC Hong Kong Company Profile

(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.

Further Reading

• Five stocks we like better than BOC Hong Kong
• Revolution Medicines Got Its Breakthrough—What Moves It Next?
• Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
• AST SpaceMobile Stock Soared 12%—This Was the Catalyst

Receive News & Ratings for BOC Hong Kong Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOC Hong Kong and related companies with MarketBeat.com's FREE daily email newsletter.