Bank of Cyprus Holdings Public (LON:BOCH) Stock Passes Above Fifty Day Moving Average – Here’s Why

Bank of Cyprus Holdings Public Limited (LON:BOCH)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 381.47 ($4.98) and traded as high as GBX 393 ($5.13). Bank of Cyprus Holdings Public shares last traded at GBX 375 ($4.90), with a volume of 514,220 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bank of Cyprus Holdings Public from GBX 563 ($7.35) to GBX 595 ($7.77) and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Bank of Cyprus Holdings Public Stock Down 2.8 %

The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 2,678.57 and a beta of 0.77. The company has a 50-day moving average price of GBX 381.47 and a 200 day moving average price of GBX 356.98.

About Bank of Cyprus Holdings Public

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.