Banco De Chile (BCH) Sets New 52-Week High at $66.70
Banco De Chile (NYSE:BCH) 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 trading hands. The stock had previously closed at $65.72.
A number of brokerages have weighed in on BCH. Zacks Investment Research upgraded shares of Banco De Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Barclays PLC lowered their price objective on shares of Banco De Chile from $72.00 to $71.50 and set an “overweight” rating for the company in a research note on Thursday, April 7th. JPMorgan Chase & Co. lowered shares of Banco De Chile from an “overweight” rating to a “neutral” rating in a research note on Friday, May 6th. Finally, Scotiabank raised shares of Banco De Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $71.60.
The stock has a market capitalization of $10.99 billion and a P/E ratio of 12.42. The stock has a 50-day moving average price of $62.87 and a 200 day moving average price of $62.36.
An institutional investor recently raised its position in Banco De Chile stock. Trilogy Global Advisors LP boosted 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 (SEC). 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 as of its most recent filing with the SEC.
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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