Short Term Price Target on Banco Bradesco Sa (BBD)

Banco Bradesco Sa (NYSE:BBD) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $4. The average forecast of all the analysts is $6.14 and the expected standard deviation is $1.79.

Shares of Banco Bradesco S.A. rose by 2.09% in the last five trading days and 22.65% for the last 4 weeks. Banco Bradesco S.A. is up 12.79% in the last 3-month period. Year-to-Date the stock performance stands at 81.03%. Also, Major Brokerage house, UBS downgrades its ratings on Banco Bradesco Sa (NYSE:BBD). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. 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) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Banco Bradesco Sa (NYSE:BBD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.71 and $7.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.81, notching a gain of 1.83% for the day. The total traded volume was 11,930,844 . The stock had closed at $7.67 on the previous day.

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.

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