Banco Bradesco Sa (BBD) Receives ‘Analyst’ Rating

Banco Bradesco Sa (BBD) : 5 analysts are covering Banco Bradesco Sa (BBD) and their average rating on the stock is 3, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Banco Bradesco Sa (BBD) : 3 Wall Street analysts covering Banco Bradesco Sa (BBD) believe that the average level the stock could reach for the short term is $7.31. The maximum price target given is $11 and the minimum target for short term is around $4, hence the standard deviation is calculated at $3.36.


Banco Bradesco Sa (NYSE:BBD): After opening at $8.36, the stock dipped to an intraday low of $8.235 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.67 and the buying power remained strong till the end. The stock closed at $8.59 for the day, a gain of 3.00% for the day session. The total traded volume was 13,617,620. The stocks close on the previous trading day was $8.34.

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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