Banco De Chile (NYSE:BCH) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $73.50.

A number of brokerages recently weighed in on BCH. Zacks Investment Research upgraded Banco De Chile from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, October 31st. Standpoint Research cut Banco De Chile from a “buy” rating to a “hold” rating in a report on Monday, August 15th.

Shares of Banco De Chile (NYSE:BCH) opened at 69.40 on Friday. Banco De Chile has a 12 month low of $54.98 and a 12 month high of $72.79. The firm has a market capitalization of $11.29 billion, a PE ratio of 12.85 and a beta of 0.65. The company has a 50 day moving average price of $69.28 and a 200-day moving average price of $65.72.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in shares of Banco De Chile during the second quarter worth about $554,000. Ativo Capital Management LLC raised its stake in shares of Banco De Chile by 64.5% in the second quarter. Ativo Capital Management LLC now owns 11,445 shares of the company’s stock worth $734,000 after buying an additional 4,488 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Banco De Chile by 53.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,080 shares of the company’s stock worth $1,288,000 after buying an additional 6,961 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Banco De Chile by 66.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,281 shares of the company’s stock worth $457,000 after buying an additional 2,902 shares during the last quarter. Finally, AXA raised its stake in shares of Banco De Chile by 2.8% in the second quarter. AXA now owns 14,854 shares of the company’s stock worth $953,000 after buying an additional 400 shares during the last quarter. Institutional investors own 3.28% of the company’s stock.

About Banco De Chile

Banco de Chile is a privately owned bank. The Company is a full-service financial institution that provides, directly and indirectly through its subsidiaries and affiliates, a range of lending and non-lending products and services to all segments of the Chilean financial market. Its core business is commercial banking in Chile, providing traditional banking products and specialized financial services to its customer base of individuals and companies.

5 Day Chart for NYSE:BCH

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