In a report released on January 1, Shujin Chen from Jefferies maintained a Hold rating on Bank of China (BACHF – Research Report), with a price target of HK$2.74. The company’s shares closed yesterday at $0.39.
Chen covers the Financial sector, focusing on stocks such as Agricultural Bank of China, Bank of China, and Bank of Communications Co. According to TipRanks, Chen has an average return of 3.1% and a 100.00% success rate on recommended stocks.
Bank of China has an analyst consensus of Moderate Buy, with a price target consensus of $0.41.
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The company has a one-year high of $0.43 and a one-year low of $0.32. Currently, Bank of China has an average volume of 67.42K.
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Bank of China (BACHF) Company Description:
Bank of China Ltd. engages in the provision of banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. The Corporate Banking segment offers services to corporate customers, government authorities, and financial institutions such as current accounts, deposits, overdrafts, loans, custody, trade related products and other credit facilities, foreign currency, and derivative products. The Personal Banking segment provides services to retail customers such as current accounts, savings, deposits, investment savings products, credit and debit cards, consumer loans, and mortgages. The Treasury Operations segment deals in foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment includes debt and equity underwriting and financial advisory, sales and trading of securities, stock brokerage, investment research and asset management services, and private equity investment services. The Insurance segment specializes in the underwriting of general and life insurance business and insurance agency services. The Others segment comprises of investment holding and miscellaneous activities. The company was founded on February 5, 1912 and is headquartered in Beijing, China.
