OVERSEA-CHINESE BK (OTCMKTS:OVCHY) – Research analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for shares of OVERSEA-CHINESE BK in a report issued on Monday. Jefferies Group analyst K. Guha now expects that the company will earn $1.54 per share for the year, up from their previous forecast of $1.40. Jefferies Group also issued estimates for OVERSEA-CHINESE BK’s FY2019 earnings at $1.61 EPS.

Separately, Zacks Investment Research upgraded shares of OVERSEA-CHINESE BK from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday.

OVERSEA-CHINESE BK (OVCHY) traded down $0.67 during midday trading on Wednesday, reaching $17.98. 2,224 shares of the company were exchanged, compared to its average volume of 49,076. The firm has a market capitalization of $38,813.43 and a P/E ratio of 14.13. OVERSEA-CHINESE BK has a 52 week low of $12.09 and a 52 week high of $18.95. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.79.

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Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. Its Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; consumer loans, such as housing loans, car loans, and other personal loans; credit and debit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services.

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