Bank of Cyprus Holdings Public (LON:BOCH) Trading Down 2.8% – Here’s Why

Bank of Cyprus Holdings Public Limited (LON:BOCH)’s stock price traded down 2.8% on Thursday . The company traded as low as GBX 375 ($4.88) and last traded at GBX 375 ($4.88). 514,220 shares traded hands during mid-day trading, an increase of 357% from the average session volume of 112,607 shares. The stock had previously closed at GBX 386 ($5.02).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Bank of Cyprus Holdings Public from GBX 563 ($7.33) to GBX 595 ($7.75) and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Bank of Cyprus Holdings Public Stock Performance

The stock has a 50 day moving average of GBX 381.16 and a two-hundred day moving average of GBX 362.61. The firm has a market capitalization of £1.66 billion, a P/E ratio of 2,678.57 and a beta of 0.77.

Bank of Cyprus Holdings Public Company Profile

Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally. The company offers current, demand, savings, sight, quick, and fixed deposits; housing, student, vehicle, mortgage, consumer, and business and business premises loans; and trade finance facilities, Escrow, and project finance services, as well as hire purchase services for car and equipment.