Bank of China (OTCMKTS:BACHY) Reaches New 52-Week High – Time to Buy?

Shares of Bank of China Limited (OTCMKTS:BACHY) reached a new 52-week high on Wednesday . The stock traded as high as $13.61 and last traded at $13.59, with a volume of 17306 shares traded. The stock had previously closed at $13.25.

Analysts Set New Price Targets

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

Bank of China Stock Up 2.6 %

The stock’s fifty day moving average price is $12.57 and its 200-day moving average price is $11.89. The company has a market capitalization of $160.08 billion, a price-to-earnings ratio of 5.33 and a beta of 0.17.

Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be issued a $0.3231 dividend. The ex-dividend date is Tuesday, January 14th. Bank of China’s payout ratio is 25.49%.

Bank of China Company Profile

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.