Banco Bradesco Sa (BBD) Receives Price Target

Banco Bradesco Sa (BBD) stock is expected to deviate a maximum of $1.79 from the average target price of $6.31 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $4.

Banco Bradesco Sa (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 2, which is also a 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): The stock opened at $8.88 on Thursday but the bulls could not build on the opening and the stock topped out at $8.93 for the day. The stock traded down to $8.72 during the day, due to lack of any buying support eventually closed down at $8.79 with a loss of -1.46% for the day. The stock had closed at $8.92 on the previous day. The total traded volume was 22,130,598 shares.

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.