ICICI Bank (NYSE:IBN) Shares Gap Up to $13.45
ICICI Bank Ltd (NYSE:IBN) shares gapped up prior to trading on Thursday . The stock had previously closed at $13.18, but opened at $13.45. ICICI Bank shares last traded at $13.59, with a volume of 6,847,684 shares traded.
Separately, ValuEngine upgraded shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.
The firm’s fifty day moving average price is $12.57 and its 200-day moving average price is $11.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.65. The company has a market cap of $43.94 billion, a P/E ratio of 90.60 and a beta of 0.79.
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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