Shares of HDFC Bank Limited (NYSE:HDB) hit a new 52-week high during trading on Thursday . The company traded as high as $105.49 and last traded at $105.01, with a volume of 955700 shares trading hands. The stock had previously closed at $103.73.
Separately, Zacks Investment Research cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $114.00.
The stock has a market capitalization of $80,260.00, a P/E ratio of 87.97, a P/E/G ratio of 1.19 and a beta of 0.84.
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About HDFC Bank
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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