Bancolombia SA (NYSE:CIB)’s share price hit a new 52-week high on Monday . The stock traded as high as $40.16 and last traded at $38.70, with a volume of 655,318 shares trading hands. The stock had previously closed at $38.94.

Several equities analysts have recently weighed in on the stock. Deutsche Bank AG raised shares of Bancolombia SA from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, HSBC downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.83.

The firm has a market capitalization of $9.28 billion and a price-to-earnings ratio of 11.73. The company’s 50 day moving average price is $35.36 and its 200 day moving average price is $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.

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