Bancolombia SA (CIB) Trading Up 2.2%
Bancolombia SA (NYSE:CIB) was up 2.2% on Friday . The company traded as high as $38.93 and last traded at $38.66, with a volume of 697,536 shares changing hands. The stock had previously closed at $37.83.
A number of equities research analysts have weighed in on CIB shares. Zacks Investment Research downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. HSBC downgraded Bancolombia SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Bancolombia SA presently has an average rating of “Hold” and a consensus price target of $35.83.
The company has a market cap of $9.36 billion and a PE ratio of 12.05. The stock has a 50 day moving average of $35.36 and a 200-day moving average of $34.19.
Bancolombia SA is a commercial bank. The Bank provides financial products and services to a diversified individual, corporate and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment, financing, mortgage banking, factoring, financial and operating leases, capital markets, eTrading, cash management, foreign currency, insurance, investment banking, and trust and fiduciary services.