Credit Suisse Group Raises BNP Paribas (OTCMKTS:BNPQY) Price Target to €72.00

BNP Paribas (OTCMKTS:BNPQYGet Rating) had its price objective raised by Credit Suisse Group from €70.00 ($73.68) to €72.00 ($75.79) in a research note released on Wednesday morning, The Fly reports. They currently have an outperform rating on the financial services provider’s stock.

BNPQY has been the subject of several other research reports. Royal Bank of Canada boosted their target price on shares of BNP Paribas from €72.00 ($75.79) to €74.00 ($77.89) in a research note on Monday, January 31st. UBS Group decreased their target price on shares of BNP Paribas from €69.60 ($73.26) to €60.00 ($63.16) and set a buy rating for the company in a research report on Friday, March 11th. Morgan Stanley increased their target price on shares of BNP Paribas from €68.00 ($71.58) to €71.00 ($74.74) and gave the company an overweight rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of BNP Paribas from €62.00 ($65.26) to €61.00 ($64.21) and set a neutral rating for the company in a report on Monday, April 11th. Finally, Zacks Investment Research lowered shares of BNP Paribas from a hold rating to a sell rating in a research note on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $62.13.

Shares of OTCMKTS BNPQY opened at $27.71 on Wednesday. BNP Paribas has a 12 month low of $24.00 and a 12 month high of $38.48. The company has a 50-day simple moving average of $27.64 and a 200-day simple moving average of $32.10. The company has a market cap of $68.41 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.76 and a beta of 1.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.72 and a quick ratio of 0.72.

About BNP Paribas (Get Rating)

BNP Paribas SA provides a range of banking and financial services in Europe, North America, Asia Pacific, and internationally. The company offers corporate and institutional banking services, such as consulting, financing and transaction banking for corporate clients and institutional investors; capital markets investment and financing; securities clearing, and custody services.

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