Published: Tue, May 09, 2017
Business | By Max Garcia

S&P Global Analysts Give BNP Paribas SA (BNP) a €77.00 Price Target

S&P Global Analysts Give BNP Paribas SA (BNP) a €77.00 Price Target

BNP Paribas reported a 4.4% rise in quarterly profit, topping analysts' expectations, as a surge in fixed income and equities trading helped offset weaker retail banking in France and Italy where revenue fell. Citigroup Inc set a €70.00 ($76.09) price target on shares of BNP Paribas SA and gave the company a "buy" rating in a report on Tuesday, January 10th. Kepler Capital Markets set a €70.00 ($76.09) price target on shares of BNP Paribas SA and gave the stock a buy rating in a research note on Wednesday, February 8th. JPMorgan Chase & Co. set a €59.00 ($64.13) price objective on BNP Paribas SA and gave the stock a "neutral" rating in a research note on Monday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the a year ago is €64.97 ($70.62).

BNP Paribas outperformed its European rivals in reporting a 33.1 percent revenue rise in its global markets division that includes debt and equities trading, compared to a 4 percent increase on average at peers such as Deutsche Bank (IOB: 0H7D.IL - news), Credit Suisse (IOB: 0QP5.IL - news), Barclays (LSE: BARC.L - news) and UBS (LSE: 0QNR.L - news), according to Reuters calculations. BNP Paribas SA has a 52-week low of €35.27 and a 52-week high of €68.40. The firm's 50 day moving average price is €61.81 and its 200-day moving average price is €58.57.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. The legal version of this story can be accessed at https://baseballnewssource.com/markets/bnp-paribas-sa-bnp-given-a-69-00-price-target-at-deutsche-bank-ag-updated/667880.html.

French bank BNP Paribas said on Wednesday (May 3) it got off to a good start in 2017, notching up "solid" results in the first quarter on the strength of the financial markets. The bank's fixed income, currencies and commodities traders contributed €1.1 billion to this total, up 32% year-on-year.

The Corporate and Institutional Banking division in particular experienced an "excellent quarter" as pre-tax income increased by 93% to €778m compared to the first quarter of 2016.

Like this: