Banco Bradesco S.A. (NYSE:BBD) added 1.76% and closed its last session at $8.65. The stock has the market capitalization of $47.87 Billion with the total outstanding shares of 5.53 Billion. Banco Bradesco S.A.. has Analysts’ Mean Recommendation of 3 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 9.02 for trailing twelve months while its Forward P/E is 8.92.

Banco Bradesco S.A. (NYSE:BBD) touched its 52-Week High of $10.49 on Nov 8, 2016 while it’s 52-Week Low of $3.65 on Jan 21, 2016. The company currently has Return on Assets of 1.7 percent, Return on Equity of 20.2% and Return on Investment of 9.1 percent. The stock currently showing Weekly Volatility of 2.73%% and Monthly Volatility of 3.81% Percent with Average True Range of 0.36 and Beta of 1.68.

The 14 analysts offering 12-month price forecasts for Banco Bradesco SA have a median target of 9.42, with a high estimate of 11.84 and a low estimate of 5.63. The median estimate represents a +8.92% increase from the last price of 8.65.

Press Release:

The Company on 24 November declared it has received an option order for 40 OMNEO Premium double deck EMUs from SNCF on behalf of the Normandy Region. This order is valued at approximately 585 million euro ($620 million US) and is part of the contract signed in 2010 with SNCF to provide up to 860 double deck trains to the French Regions. The Normandy Region plans to roll out these new premium trains at the end of 2019 to improve comfort and capacity by over 20% on the frequently used Paris-Rouen-le Havre and Paris-Caen-Cherbourg lines, compared to the lines` existing fleets.

Specifically designed to set a new standard for comfort on long intercity journeys, the OMNEO Premium trains can travel at 200 km/h and offer a range of amenities for long distance travellers. Passengers can now enjoy a spacious, WiFi-equipped train that features USB charging ports, standard power plugs, and a wider seat equipped with integrated lighting. Normandy`s new trains will be 135m-long, offer 470 seats, and operate in multiple units.

To date, the French Regions have ordered a total of 253 trains of the OMNEO product family under the 2010 framework contract: (40) OMNEO Premium for Normandy and 213 Regio 2N for Nouvelle Aquitaine (24), Brittany (21), Centre-Val de Loire (14), Hauts-de-France (25), Île-de-France (42), Occitanie (18), Pays de la Loire (13), Auvergne-Rhône-Alpes (40), Provence-Alpes-Côte d`Azur (16). Following the current state of orders, the last train will be delivered in early 2021.

Company Profile:

Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors.