BNP Paribas SA Downgraded to “Hold” at Societe Generale (BNPQY)
BNP Paribas SA (NASDAQ:BNPQY) was downgraded by research analysts at Societe Generale from a “buy” rating to a “hold” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Shares of BNP Paribas SA (NASDAQ:BNPQY) opened at 34.025 on Tuesday. BNP Paribas SA has a one year low of $26.51 and a one year high of $41.72. The stock has a 50-day moving average of $35.10 and a 200-day moving average of $38.05. The company has a market cap of $84.654 billion and a price-to-earnings ratio of 13.14.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded shares of BNP Paribas SA from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. Analysts at Credit Suisse downgraded shares of BNP Paribas SA from an “outperform” rating to a “neutral” rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
BNP Paribas SA is a France-based bank group with four core businesses: Retail Banking, Corporate & Investment Banking, Investment Solutions and Other Activities.