Bank of China (OTCMKTS:BACHY) Reaches New 52-Week High – Here’s Why

Bank of China Limited (OTCMKTS:BACHY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.36 and last traded at $12.95, with a volume of 13834 shares changing hands. The stock had previously closed at $12.96.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Price Performance

The stock’s 50-day moving average price is $12.43 and its 200 day moving average price is $11.81. The firm has a market capitalization of $154.26 billion, a PE ratio of 5.14 and a beta of 0.17.

Bank of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio (DPR) is 25.49%.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.