BDO Unibank (OTCMKTS:BDOUY) Sees Strong Trading Volume – Still a Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) saw unusually-strong trading volume on Thursday . 51,793 shares were traded during trading, a decline of 18% from the previous session’s volume of 63,496 shares.The stock last traded at $20.8060 and had previously closed at $21.01.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BDOUY shares. The Goldman Sachs Group cut shares of BDO Unibank to a “neutral” rating in a report on Wednesday. Zacks Research lowered shares of BDO Unibank from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

BDO Unibank Trading Up 4.9%

The stock has a 50-day moving average price of $20.25 and a two-hundred day moving average price of $21.08. The stock has a market cap of $11.00 billion and a price-to-earnings ratio of 0.34.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.