Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Here’s What Happened

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $12.1050, but opened at $12.91. Banco Comercial Portugues shares last traded at $12.91, with a volume of 708 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat, Banco Comercial Portugues has an average rating of “Strong Buy”.

Banco Comercial Portugues Stock Up 11.0%

The company’s fifty day moving average price is $13.41 and its two-hundred day moving average price is $11.65. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 14.76 and a beta of 0.43.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking.

Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.