ICICI Bank (NYSE:IBN) was downgraded by research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, March 29th, The Fly reports.
Several other research analysts also recently weighed in on IBN. ValuEngine upgraded ICICI Bank from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded ICICI Bank from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Friday, January 11th. Finally, Sanford C. Bernstein upgraded ICICI Bank from an “underperform” rating to a “market perform” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $12.00.
NYSE:IBN traded up $0.02 during mid-day trading on Friday, reaching $11.27. 4,380,478 shares of the stock were exchanged, compared to its average volume of 7,696,787. ICICI Bank has a 1 year low of $7.61 and a 1 year high of $11.59. The company has a market capitalization of $35.85 billion, a PE ratio of 35.22 and a beta of 0.98.
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.
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