Bank of China (BACHY) Stock Forecast & Price Target

$11.92

-0.62 (-4.94%)

(As of 09/27/2024 ET)

Bank of China - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 1 Analyst Ratings

Sell
0

Hold
0

Buy
1

Based on 1 Wall Street analysts who have issued ratings for Bank of China in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for BACHY.

Consensus Price Target

N/A

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BACHY Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Buy	Buy	Buy	Hold

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BACHY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BACHY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of China Stock vs. The Competition

Type	Bank of China	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.46	2.50
Consensus Rating	Buy	Hold	Hold
Predicted Upside	N/A	12.81% Upside	6.16% Upside
News Sentiment Rating	Neutral News See Recent BACHY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
11/1/2023	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:36 AM ET.

Should I Buy Bank of China Stock? BACHY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, September 21, 2024. Please send any questions or comments about these Bank of China pros and cons to contact@marketbeat.com.

Bank of China
Bull Case

Here are some ways that investors could benefit from investing in Bank of China Limited:

Bank of China Limited offers a diverse range of banking and financial services across various segments, providing investors with exposure to multiple revenue streams and potential growth opportunities.
With a one year low of $8.40 and a one year high of $13.02, Bank of China Limited's stock price has shown resilience and potential for capital appreciation, offering investors a chance to benefit from potential price appreciation.
The company operates in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally, diversifying its geographical presence and potentially reducing risks associated with operating in a single market.
Bank of China Limited's investment banking segment provides services such as debt and equity underwriting, financial advisory, and asset management, offering investors exposure to a wide range of financial services and potential fee-based income.
Bank of China Limited has a history dating back to 1912, showcasing its long-standing presence in the banking industry and potentially instilling confidence in investors regarding the company's stability and experience.

Bank of China
Bear Case

Investors should be bearish about investing in Bank of China Limited for these reasons:

Bank of China Limited's stock performance has shown volatility, with fluctuations in the stock price that may introduce uncertainty for investors seeking stable returns.
The company recently cut its dividend, which could be a concern for income-oriented investors relying on consistent dividend payouts for returns on their investment.
Bank of China Limited operates in the private households industry, which may be subject to economic cycles and consumer spending patterns, potentially impacting the company's financial performance.
The current global economic environment, including factors such as trade tensions and regulatory changes, may pose risks to Bank of China Limited's international operations and financial results.
Investors should consider the competitive landscape in the banking and financial services sector, as Bank of China Limited faces competition from both domestic and international players, which could impact its market share and profitability.

BACHY Forecast - Frequently Asked Questions

: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of China in the last twelve months. There is currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BACHY shares.
: According to analysts, Bank of China's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Analysts like Bank of China more than other "finance" companies. The consensus rating for Bank of China is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BACHY compares to other companies.

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This page (OTCMKTS:BACHY) was last updated on 9/29/2024 by MarketBeat.com Staff

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Bank of China (BACHY) Stock Forecast & Price Target