ICICI Bank Ltd (NYSE:IBN) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.00.
A number of research analysts have weighed in on IBN shares. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Standpoint Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Goldman Sachs Group set a GBX 4,300 ($56.19) price objective on shares of ASOS and gave the stock a “buy” rating in a research report on Monday, April 15th.
IBN traded down $0.07 during trading on Friday, reaching $12.32. The company had a trading volume of 4,054,169 shares, compared to its average volume of 4,532,895. ICICI Bank has a 12 month low of $7.61 and a 12 month high of $12.65. The company’s fifty day moving average price is $12.22. The stock has a market capitalization of $39.64 billion, a P/E ratio of 82.13 and a beta of 0.80.
ICICI Bank Company Profile
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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