Kepler Capital analyst Benoit Petrarque upgraded BNP Paribas (BNPQY – Research Report) to Buy on January 17 and set a price target of EUR65.30. The company’s shares closed last Tuesday at $37.52, close to its 52-week high of $38.48.
According to TipRanks.com, Petrarque is a top 100 analyst with an average return of 33.8% and a 87.1% success rate. Petrarque covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Erste Group Bank AG, and Deutsche Bank AG.
Currently, the analyst consensus on BNP Paribas is a Moderate Buy with an average price target of $71.56.
Based on BNP Paribas’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.4 billion and net profit of $2.5 billion. In comparison, last year the company earned revenue of $10.89 billion and had a net profit of $1.89 billion.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BNP Paribas SA engages in the provision of banking and financial services. The company operates through the following business: Retail Banking and Services, and Corporate Institutional Banking. The Retail Banking and Services business includes the retail banking networks and specialized financial services in France and around the world. The Corporate Institutional Banking business is a provider of financial solutions to corporate and institutional clients. It helps all its individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients to realize their projects through solutions spanning financing, investment, savings and protection insurance. The company was founded in 1822 and is headquartered in Paris, France.
Read More on BNPQY:
- Kepler Capital Sticks to Its Buy Rating for LANXESS (LNXSF)
- SpareBank 1 Nord-Norge (SPXXF) Receives a Hold from Kepler Capital
- Sparebanken Vest (SPIZF) Gets a Buy Rating from Kepler Capital
- Subsea 7 (SUBCY) Gets a Buy Rating from Kepler Capital
- Kepler Capital Keeps a Buy Rating on Grieg Seafood ASA (GRGSF)