BOC Hong Kong (OTCMKTS:BHKLY) Shares Gap Up – Still a Buy?

Shares of BOC Hong Kong Ltd. (OTCMKTS:BHKLY) gapped up before the market opened on Thursday . The stock had previously closed at $117.85, but opened at $127.73. BOC Hong Kong shares last traded at $127.73, with a volume of 214 shares trading hands.

Wall Street Analysts Forecast Growth

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

BOC Hong Kong Stock Down 0.5%

The stock’s fifty day moving average is $110.66 and its two-hundred day moving average is $105.23.

About BOC Hong Kong

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.