ValuEngine upgraded shares of ICICI Bank (NYSE:IBN) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
Other analysts also recently issued reports about the stock. HSBC downgraded shares of ICICI Bank from a buy rating to a hold rating in a research report on Friday, November 23rd. Sanford C. Bernstein raised shares of ICICI Bank from an underperform rating to a market perform rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised shares of ICICI Bank from a hold rating to a strong-buy rating and set a $12.00 target price for the company in a research report on Friday, January 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $12.00.
IBN stock opened at $11.46 on Tuesday. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 52.09 and a beta of 0.95. ICICI Bank has a 12 month low of $7.61 and a 12 month high of $11.49.
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, and other accounts; and fixed, recurring, and security deposits.
Further Reading: Google Finance Portfolio
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.