Numis Securities Initiates Coverage on Bank of Cyprus Holdings Public (LON:BOCH)

Numis Securities began coverage on shares of Bank of Cyprus Holdings Public (LON:BOCH – Get Rating) in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a GBX 507 ($6.18) price target on the bank’s stock. Numis Securities’ price objective would suggest a potential upside of 125.33% from the company’s previous close.

Bank of Cyprus Holdings Public Price Performance

Shares of BOCH stock opened at GBX 225 ($2.74) on Wednesday. The stock’s fifty day moving average price is GBX 199.67 and its 200 day moving average price is GBX 153.72. Bank of Cyprus Holdings Public has a 1-year low of GBX 72.20 ($0.88) and a 1-year high of GBX 266 ($3.24). The company has a market cap of £1.00 billion, a price-to-earnings ratio of 1,607.14 and a beta of 0.75.

Insider Transactions at Bank of Cyprus Holdings Public

In related news, insider Constantine Iordanou bought 101,206 shares of the company’s stock in a transaction on Thursday, December 22nd. The shares were bought at an average price of GBX 145 ($1.77) per share, with a total value of £146,748.70 ($178,852.77). Insiders own 18.95% of the company’s stock.

Bank of Cyprus Holdings Public Company Profile

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Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, provides banking, financial, and insurance services. It offers current, savings, notice, instant access, and fixed deposits; housing, student, consumer, business and business premises, term, and home or investment loans; and asset finance, factoring, trade facilities, European financial, project finance, shipping finance, and syndicated and corporate lending services, as well as hire purchase services for car and equipment.