DBS Sticks to Its Buy Rating for Bank of China (BACHF)
DBS analyst Manyi Lu reiterated a Buy rating on Bank of China (BACHF – Research Report) today and set a price target of HK$5.30. The company's shares closed last Thursday at $0.58.
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Lu covers the Financial sector, focusing on stocks such as Agricultural Bank of China, Postal Savings Bank of China Co., Ltd. Class H, and HSBC Holdings. According to TipRanks, Lu has an average return of 28.8% and a 92.06% success rate on recommended stocks.
Bank of China has an analyst consensus of Strong Buy, with a price target consensus of $0.66.
Based on Bank of China's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $164.64 billion and a net profit of $54.36 billion. In comparison, last year the company earned a revenue of $160.74 billion and had a net profit of $55.99 billion
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