Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Up - What's Next?

Key Points

• Banco Do Brasil shares gapped up from $4.07 to $4.20 before trading, reflecting increased investor interest.
• Analysts have set a new "neutral" rating for Banco Do Brasil, with an average rating of "Hold" among three research analysts.
• The company has a market capitalization of $23.78 billion and a PE ratio of 8.47, indicating its current valuation metrics.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.07, but opened at $4.20. Banco Do Brasil shares last traded at $4.10, with a volume of 16,488 shares.

Analysts Set New Price Targets

Separately, Bradesco Corretora lowered shares of Banco Do Brasil to a "neutral" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Banco Do Brasil presently has an average rating of "Hold".

Banco Do Brasil Stock Performance

The stock's 50-day simple moving average is $3.78 and its 200 day simple moving average is $4.36. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $23.78 billion, a PE ratio of 8.47, a P/E/G ratio of 2.04 and a beta of 0.64.

Banco Do Brasil Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.

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