Banco Bradesco SA Reaches New 52-Week High at $16.15 (BBD)
Banco Bradesco SA (NYSE:BBD) hit a new 52-week high during mid-day trading on Monday , AR Network reports. The stock traded as high as $16.15 and last traded at $16.07, with a volume of 2,250,256 shares changing hands. The stock had previously closed at $15.89.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Banco Bradesco SA in a research note on Friday, July 25th. They now have a $16.00 price target on the stock, up previously from $14.00.
The stock’s 50-day moving average is $15.23 and its 200-day moving average is $13.93. The company has a market cap of $67.567 billion and a P/E ratio of 11.03.
Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. Analysts expect that Banco Bradesco SA will post $1.52 EPS for the current fiscal year.
Banco Bradesco SA (NYSE:BBD) is a Brazil-based bank.
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