BNP Paribas SA (BNPQY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of BNP Paribas SA (NASDAQ:BNPQY) from a hold rating to a buy rating in a report published on Tuesday. They currently have $28.00 price target on the stock.

According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “

Other analysts also recently issued reports about the company. Jefferies Group initiated coverage on BNP Paribas SA in a research report on Wednesday, September 14th. They issued a hold rating for the company. Credit Suisse Group AG initiated coverage on BNP Paribas SA in a research report on Friday, September 16th. They issued a neutral rating for the company.

BNP Paribas SA (NASDAQ:BNPQY) opened at 26.28 on Tuesday. The stock’s 50 day moving average price is $25.38 and its 200-day moving average price is $25.02. BNP Paribas SA has a 12-month low of $19.46 and a 12-month high of $31.35. The firm has a market cap of $65.47 billion and a PE ratio of 8.82.

About BNP Paribas SA

BNP Paribas SA is a provider of banking and financial services, has four domestic retail banking markets in Europe, namely Belgium, France, Italy and Luxembourg. The Bank operates in 75 countries over 147,000 in Europe. The Bank operates in two divisions: Retail Banking & Services, which include Domestic Markets and a new entity, International Financial Services which includes the operations of BancWest, Europe-Mediterranean, Personal Finance, Wealth and Asset Management and Insurance, and Corporate and Institutional Banking (CIB), including Corporate Banking, Global Markets and Securities Services.

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