Banco De Chile (BCH) Sets New 12-Month High at $67.57
Banco De Chile (NYSE:BCH) shares hit a new 52-week high during trading on Monday . The stock traded as high as $67.57 and last traded at $67.48, with a volume of 57,984 shares trading hands. The stock had previously closed at $67.16.
Several research analysts have commented on BCH shares. Zacks Investment Research upgraded shares of Banco De Chile from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, June 7th. JPMorgan Chase & Co. downgraded shares of Banco De Chile from an “overweight” rating to a “neutral” rating in a research report on Friday, May 6th. Finally, Scotiabank upgraded shares of Banco De Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $71.60.
The stock has a 50-day moving average of $65.03 and a 200 day moving average of $63.25. The company has a market capitalization of $11.06 billion and a P/E ratio of 12.50.
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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