Banco De Chile (BCH) Reaches New 12-Month High at $69.84
Shares of Banco De Chile (NYSE:BCH) hit a new 52-week high on Monday . The company traded as high as $69.84 and last traded at $69.11, with a volume of 17,097 shares trading hands. The stock had previously closed at $69.18.
A number of analysts recently weighed in 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 target on the stock in a research report on Tuesday, June 7th. Standpoint Research downgraded shares of Banco De Chile from a “buy” rating to a “hold” rating in a research report on Monday. 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Banco De Chile presently has a consensus rating of “Hold” and a consensus price target of $71.60.
The stock has a 50 day moving average price of $65.71 and a 200-day moving average price of $63.46. The firm has a market capitalization of $11.35 billion and a price-to-earnings ratio of 12.83.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.