Bancolombia SA (CIB) Sets New 1-Year High at $40.16
Bancolombia SA (NYSE:CIB) shares hit a new 52-week high during trading on Monday . The stock traded as high as $40.16 and last traded at $38.70, with a volume of 655,318 shares traded. The stock had previously closed at $38.94.
Several brokerages have commented on CIB. Deutsche Bank AG upgraded shares of Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a 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, May 17th. Finally, HSBC downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. One 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 company has an average rating of “Hold” and a consensus target price of $38.63.
The stock has a market cap of $9.26 billion and a P/E ratio of 11.70. The company’s 50 day moving average is $35.56 and its 200 day moving average is $34.40.
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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