BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up – Should You Buy?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $6.35, but opened at $6.6450. BB Seguridade Participacoes shares last traded at $6.5940, with a volume of 47,922 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Up 3.6%

The stock has a market capitalization of $13.16 billion, a PE ratio of 7.93, a PEG ratio of 2.39 and a beta of 0.35. The stock’s 50 day moving average price is $6.95 and its 200-day moving average price is $6.55.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. The company had revenue of $486.61 million for the quarter, compared to analysts’ expectations of $509.09 million. On average, analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).