ICICI Bank Ltd. (NYSE:IBN)’s share price was down 5.7% during mid-day trading on Friday . The company traded as low as $7.45 and last traded at $7.55, with a volume of 12,528,012 shares. The stock had previously closed at $8.01.

Several brokerages recently weighed in on IBN. Credit Suisse Group AG upgraded ICICI Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, April 21st. JPMorgan Chase & Co. cut ICICI Bank from an “overweight” rating to a “neutral” rating in a report on Thursday, June 16th. Finally, Goldman Sachs Group Inc. cut ICICI Bank from a “buy” rating to a “neutral” rating in a report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

The firm’s 50 day moving average is $7.46 and its 200 day moving average is $6.88. The company has a market capitalization of $22.04 billion and a P/E ratio of 14.69.

Other large investors have added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. raised its stake in ICICI Bank by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 159,117 shares of the company’s stock valued at $1,238,000 after buying an additional 667 shares during the last quarter. Comerica Bank raised its stake in ICICI Bank by 33.2% in the fourth quarter. Comerica Bank now owns 212,283 shares of the company’s stock valued at $1,514,000 after buying an additional 52,946 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in ICICI Bank during the fourth quarter valued at about $2,153,000. BNP Paribas Arbitrage SA raised its stake in ICICI Bank by 32.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 2,125,809 shares of the company’s stock valued at $16,645,000 after buying an additional 525,340 shares during the last quarter. Finally, Crestwood Capital Management L.P. raised its stake in ICICI Bank by 11.1% in the fourth quarter. Crestwood Capital Management L.P. now owns 2,600,000 shares of the company’s stock valued at $20,358,000 after buying an additional 260,000 shares during the last quarter.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.

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