Banco De Chile (BCH) Reaches New 12-Month High at $66.70
Banco De Chile (NYSE:BCH) shares hit a new 52-week high on Monday . The company traded as high as $66.70 and last traded at $66.57, with a volume of 13,057 shares changing hands. The stock had previously closed at $65.72.
A number of research analysts have weighed in on BCH shares. Zacks Investment Research cut shares of Banco De Chile from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Scotiabank raised shares of Banco De Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. cut shares of Banco De Chile from an “overweight” rating to a “neutral” rating in a research report on Friday, May 6th. Finally, Barclays PLC reduced their price target on shares of Banco De Chile from $72.00 to $71.50 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $71.60.
The company has a 50-day moving average price of $62.57 and a 200-day moving average price of $62.24. The stock has a market cap of $10.89 billion and a price-to-earnings ratio of 12.3093.
A hedge fund recently raised its stake in Banco De Chile stock. Trilogy Global Advisors LP raised its position in shares of Banco De Chile (NYSE:BCH) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 555,421 shares of the company’s stock after buying an additional 86,868 shares during the period. Trilogy Global Advisors LP owned approximately 0.35% of Banco De Chile worth $32,997,000 at the end of the most recent quarter.
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.
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