Bank of China (OTCMKTS:BACHY) Hits New 12-Month High – Should You Buy?

Bank of China Limited (OTCMKTS:BACHY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.54 and last traded at $14.05, with a volume of 14217 shares trading hands. The stock had previously closed at $13.82.

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 report on Thursday, January 9th.

Bank of China Stock Up 1.7 %

The firm has a market capitalization of $165.45 billion, a PE ratio of 5.51 and a beta of 0.17. The firm’s 50 day moving average price is $12.86 and its two-hundred day moving average price is $12.08.

Bank of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be paid 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 is presently 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.