BDO Unibank (OTCMKTS:BDOUY) Shares Gap Down – Should You Sell?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares gapped down before the market opened on Thursday . The stock had previously closed at $18.38, but opened at $17.59. BDO Unibank shares last traded at $18.30, with a volume of 3,847 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on BDOUY shares. The Goldman Sachs Group lowered shares of BDO Unibank to a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

BDO Unibank Price Performance

The stock has a 50-day moving average price of $19.89 and a 200-day moving average price of $20.00.

BDO Unibank Company Profile

BDO Unibank, Inc is a Philippine universal bank headquartered in Makati City, Philippines. The company provides a broad range of financial services to individuals, businesses, institutions and government clients through its banking operations and related subsidiaries.

Its principal activities include retail and commercial banking, corporate lending, investment banking, treasury services, trust and wealth management, cash management, remittances, and credit and debit card services. BDO also offers deposit products, consumer loans, home and auto financing, insurance-related services and other financial solutions through its branch, digital and electronic banking channels.

The bank traces its origins to the establishment of Banco de Oro as a thrift bank in 1968.