Shares of ICICI Bank Ltd (NYSE:IBN) hit a new 52-week high during trading on Friday . The company traded as high as $12.36 and last traded at $12.35, with a volume of 1650342 shares trading hands. The stock had previously closed at $11.64.
A number of analysts recently commented on the company. Zacks Investment Research raised ICICI Bank from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, April 9th. ValuEngine lowered ICICI Bank from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Standpoint Research lowered ICICI Bank from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Sanford C. Bernstein raised ICICI Bank from an “underperform” rating to a “market perform” rating in a report on Monday, February 4th. Finally, Goldman Sachs Group raised ICICI Bank from a “buy” rating to a “conviction-buy” rating in a report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $12.00.
The firm has a market capitalization of $39.58 billion, a P/E ratio of 38.73 and a beta of 0.96.
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About ICICI Bank (NYSE:IBN)
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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