Shares of ICICI Bank (NYSE:IBN) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.
A number of equities analysts have recently issued reports on IBN shares. Morgan Stanley started coverage on ICICI Bank in a research report on Tuesday, January 16th. They set an “overweight” rating for the company. Zacks Investment Research upgraded ICICI Bank from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Monday, January 8th. Finally, ValuEngine downgraded ICICI Bank from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th.
Shares of IBN stock traded down $0.16 on Friday, hitting $8.55. The stock had a trading volume of 10,541,667 shares, compared to its average volume of 7,522,451. ICICI Bank has a 52 week low of $7.48 and a 52 week high of $11.26. The company has a market capitalization of $27,902.15, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.86.
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About ICICI Bank
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, other accounts; and fixed, recurring, and security deposits.
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