BOC Hong Kong (OTCMKTS:BHKLY) Reaches New 52-Week High – Time to Buy?

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) shares hit a new 52-week high on Thursday . The company traded as high as $117.4912 and last traded at $117.4912, with a volume of 1007 shares changing hands. The stock had previously closed at $113.9480.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

BOC Hong Kong Stock Up 0.9%

The stock’s 50-day moving average price is $110.04 and its 200 day moving average price is $104.44.

BOC Hong Kong Company Profile

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.