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.

WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/06/fy2018-earnings-estimate-for-oversea-chinese-bk-ovchy-issued-by-jefferies-group.html.

OVERSEA-CHINESE BK Company Profile

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.

Receive News & Ratings for OVERSEA-CHINESE BK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OVERSEA-CHINESE BK and related companies with MarketBeat.com's FREE daily email newsletter.