Royal Bank of Canada Reiterates €65.00 Price Target for BNP Paribas (EPA:BNP)

BNP Paribas (EPA:BNPGet Rating) received a €65.00 ($67.71) price objective from analysts at Royal Bank of Canada in a report released on Friday, Borsen Zeitung reports. Royal Bank of Canada’s price target would suggest a potential upside of 36.78% from the company’s current price.

Several other brokerages also recently weighed in on BNP. Barclays set a €64.30 ($66.98) price target on BNP Paribas in a report on Wednesday, May 4th. Credit Suisse Group set a €72.00 ($75.00) price target on BNP Paribas in a report on Wednesday, May 4th. Deutsche Bank Rese… set a €66.00 ($68.75) price target on BNP Paribas in a report on Wednesday, May 25th. Jefferies Financial Group set a €67.00 ($69.79) price objective on BNP Paribas in a report on Friday, April 8th. Finally, UBS Group set a €63.00 ($65.63) price objective on BNP Paribas in a report on Thursday, June 9th.

BNP traded down €0.77 ($0.80) during mid-day trading on Friday, hitting €47.52 ($49.50). 2,977,303 shares of the stock were exchanged, compared to its average volume of 3,880,000. The firm’s fifty day moving average is €50.87 and its two-hundred day moving average is €55.55. BNP Paribas has a 1-year low of €57.24 ($59.63) and a 1-year high of €69.17 ($72.05).

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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