Bank of China (OTCMKTS:BACHY) Sets New 52-Week High – Here’s Why

Bank of China Limited (OTCMKTS:BACHYGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $15.43 and last traded at $14.86, with a volume of 25320 shares trading hands. The stock had previously closed at $14.80.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Get Our Latest Stock Analysis on Bank of China

Bank of China Trading Up 0.4 %

The company has a 50-day moving average of $13.68 and a 200-day moving average of $12.56. The company has a market capitalization of $174.94 billion, a price-to-earnings ratio of 5.83 and a beta of 0.18.

About Bank of China

(Get Free Report)

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.

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