BNP Paribas (BNPQY) Upgraded to “Buy” by Zacks Investment Research
BNP Paribas (OTCMKTS:BNPQY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $44.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.45% from the stock’s current price.
According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “
BNP Paribas (OTCMKTS:BNPQY) traded down $0.10 during trading hours on Friday, hitting $39.13. 120,508 shares of the company traded hands, compared to its average volume of 187,640. BNP Paribas has a twelve month low of $28.65 and a twelve month high of $42.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $98,934.61, a PE ratio of 12.23 and a beta of 1.13.
About BNP Paribas
BNP Paribas SA is a France-based company engaged in the financial industry. The Company provides banking and financial services. The Company operates in two divisions: Retail Banking and Services, and Corporate and Institutional Banking (CIB). The Retail Banking and Services division includes retail banking networks and specialized financial services in France and abroad.
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