In a report released on January 5, 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 last Thursday at $0.37.
According to TipRanks, Chen is a 2-star analyst with an average return of 0.5% and a 66.67% success rate. Chen covers the Financial sector, focusing on stocks such as Agricultural Bank of China, Bank of China, and Bank of Communications Co.
Currently, the analyst consensus on Bank of China is a Moderate Buy with an average price target of $0.41.
See today’s best-performing stocks on TipRanks >>
BACHF market cap is currently $153.1B and has a P/E ratio of 3.44.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
