BNP Paribas SA (BNPQY) Lowered to Hold at Zacks Investment Research
Zacks Investment Research cut shares of BNP Paribas SA (NASDAQ:BNPQY) from a strong-buy rating to a hold rating in a research report report published on Tuesday.
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. “
Separately, HSBC Holdings plc upgraded BNP Paribas SA from a hold rating to a buy rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $45.00.
BNP Paribas SA (NASDAQ BNPQY) opened at 40.134 on Tuesday. The company has a market cap of $100.15 billion and a price-to-earnings ratio of 11.387. The stock’s 50 day moving average price is $39.09 and its 200-day moving average price is $36.88. BNP Paribas SA has a 52 week low of $25.69 and a 52 week high of $40.62.
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BNP Paribas SA Company Profile
BNP Paribas SA is a France-based company engaged in the financial industry. The Company provides banking and financial services. The Company operates in two divisions: Retail Banking and Services, and Corporate and Institutional Banking (CIB). The Retail Banking and Services division includes retail banking networks and specialized financial services in France and abroad.
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