Zacks Investment Research Upgrades BNP Paribas SA (BNPQY) to “Buy”
BNP Paribas SA (NASDAQ:BNPQY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $28.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 11.38% from the company’s previous close.
According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “
BNPQY has been the topic of several other reports. Credit Suisse Group AG began coverage on BNP Paribas SA in a research report on Friday. They issued a “neutral” rating on the stock. Jefferies Group began coverage on BNP Paribas SA in a research report on Wednesday, September 14th. They issued a “hold” rating on the stock.
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Shares of BNP Paribas SA (NASDAQ:BNPQY) traded up 0.68% on Tuesday, hitting $25.14. The stock had a trading volume of 35,732 shares. The stock has a market capitalization of $62.63 billion and a P/E ratio of 8.39. The firm has a 50-day moving average price of $25.12 and a 200-day moving average price of $25.00. BNP Paribas SA has a 52 week low of $19.46 and a 52 week high of $31.35.
BNP Paribas SA Company Profile
BNP Paribas SA is a provider of banking and financial services, has four domestic retail banking markets in Europe, namely Belgium, France, Italy and Luxembourg. The Bank operates in 75 countries over 147,000 in Europe. The Bank operates in two divisions: Retail Banking & Services, which include Domestic Markets and a new entity, International Financial Services which includes the operations of BancWest, Europe-Mediterranean, Personal Finance, Wealth and Asset Management and Insurance, and Corporate and Institutional Banking (CIB), including Corporate Banking, Global Markets and Securities Services.
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