Bank of China (OTCMKTS:BACHY) Sets New 52-Week High – Still a Buy?

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BACHY shares. The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Bank of America reissued a “neutral” rating on shares of Bank of China in a research note on Thursday.

Bank of China Trading Up 0.3 %

The company has a 50-day moving average of $13.78 and a 200-day moving average of $12.60. The firm has a market capitalization of $173.92 billion, a P/E ratio of 5.79 and a beta of 0.18.

About Bank of China

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.