Price Target Update on Banco Bradesco Sa (NYSE:BBD)

Banco Bradesco Sa (NYSE:BBD) : 3 investment research analysts covering Banco Bradesco Sa (NYSE:BBD) have an average price target of $6.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.79 of the average price.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of Banco Bradesco Sa (NYSE:BBD). UBS has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 5, 2016.

Banco Bradesco Sa (NYSE:BBD): stock turned positive on Thursday. Though the stock opened at $7.44, the bulls momentum made the stock top out at $7.66 level for the day. The stock recorded a low of $7.32 and closed the trading day at $7.65, in the green by 5.72%. The total traded volume for the day was 9,324,377. The stock had closed at $7.2358 in the previous days trading.

The company shares have dropped -12.07% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.54 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $7.04 and the 200 Day Moving Average price is recorded at $5.85.

Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services. The Bank operates in two segments: banking and insurance. The banking segment includes a range of banking activities, serving individual and corporate customers in the investment banking, national and international banking operations, and asset management and consortium administration operations. The insurance segment covers auto, health, life, accident and property insurance and pension plans as well as capitalization bonds.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.