BNP Paribas SA (BNP) Given Average Recommendation of “Buy” by Analysts
BNP Paribas SA (EPA:BNP) has been assigned an average rating of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is €63.65 ($74.01).
BNP has been the subject of several research analyst reports. Goldman Sachs Group set a €79.00 ($91.86) price target on shares of BNP Paribas and gave the company a “buy” rating in a research note on Friday, August 17th. Royal Bank of Canada set a €70.00 ($81.40) price objective on shares of BNP Paribas and gave the stock a “buy” rating in a research report on Friday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Tuesday, August 14th. JPMorgan Chase & Co. set a €65.00 ($75.58) price objective on shares of BNP Paribas and gave the stock a “neutral” rating in a report on Monday, August 13th. Finally, Deutsche Bank set a €69.00 ($80.23) price objective on shares of BNP Paribas and gave the company a “buy” rating in a report on Friday, August 10th.
BNP Paribas stock traded up €0.64 ($0.74) during trading on Friday, reaching €62.45 ($72.62). The company had a trading volume of 7,560,000 shares, compared to its average volume of 3,880,000. BNP Paribas has a 52 week low of €57.24 ($66.56) and a 52 week high of €69.17 ($80.43).
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.
Further Reading: Quiet Period
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