BNP Paribas (0HB5) Receives a Rating Update from a Top Analyst
In a report released today, Chris Hallam from Goldman Sachs maintained a Buy rating on BNP Paribas, with a price target of €85.00.
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Hallam covers the Financial sector, focusing on stocks such as UBS Group AG, ING GROEP, and Deutsche Bank AG. According to TipRanks, Hallam has an average return of 26.4% and a 77.06% success rate on recommended stocks.
In addition to Goldman Sachs, BNP Paribas also received a Buy from Jefferies’s Joseph Dickerson in a report issued on November 7. However, today, Deutsche Bank downgraded BNP Paribas (LSE: 0HB5) to a Hold.
Based on BNP Paribas’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €69.21 billion and a net profit of €5.83 billion. In comparison, last year the company earned a revenue of €20.78 billion and had a net profit of €6.5 billion
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