Trade Report: Today, JPMorgan Chase & Co. Reiterates €6.50 Price Target for BBVA (BBVA)

Today, JPMorgan Chase & Co. Reiterates €6.50 Price Target for BBVA (BBVA)

BBVA (BME:BBVA) has been assigned a €6.50 ($6.99) target price by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock.

Several other research firms have also recently weighed in on BBVA. HSBC set a €6.03 ($6.48) target price on BBVA and gave the stock a “neutral” rating in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. set a €5.75 ($6.18) price target on BBVA and gave the company a “neutral” rating in a research note on Monday, September 12th. Barclays PLC set a €6.20 ($6.67) price target on BBVA and gave the company a “neutral” rating in a research note on Tuesday, September 6th. Bankhaus Lampe set a €5.50 ($5.91) price target on BBVA and gave the company a “neutral” rating in a research note on Thursday, August 11th. Finally, S&P Global Inc. set a €5.80 ($6.24) price target on BBVA and gave the company a “neutral” rating in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. BBVA presently has a consensus rating of “Hold” and an average target price of €6.20 ($6.67).

BBVA (BME:BBVA) opened at 6.15 on Tuesday. BBVA has a 12-month low of $5.14 and a 12-month high of $8.39. The company has a market capitalization of $42.39 billion and a price-to-earnings ratio of 9.92. The firm’s 50-day moving average price is $6.61 and its 200 day moving average price is $6.16.

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