ICICI Bank (IBN) Rating Increased to Buy at ValuEngine
ICICI Bank (NYSE:IBN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.
A number of other equities research analysts have also recently issued reports on IBN. Zacks Investment Research upgraded ICICI Bank from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Friday, January 11th. HSBC cut ICICI Bank from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Sanford C. Bernstein upgraded ICICI Bank from an “underperform” rating to a “market perform” rating in a research note on Monday, February 4th. Two equities research 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 stock. ICICI Bank has an average rating of “Buy” and an average price target of $12.00.
Shares of ICICI Bank stock opened at $11.41 on Tuesday. ICICI Bank has a 12-month low of $7.61 and a 12-month high of $11.49. The company has a market cap of $36.71 billion, a PE ratio of 35.66 and a beta of 0.95.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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