ICICI Bank Ltd. (NYSE:IBN)’s share price shot up 2.7% during trading on Monday . The stock traded as high as $7.55 and last traded at $7.55, with a volume of 3,727,165 shares changing hands. The stock had previously closed at $7.35.

Several brokerages have commented on IBN. Goldman Sachs Group Inc. cut shares of ICICI Bank from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. cut shares of ICICI Bank from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 16th.

The stock has a market capitalization of $21.89 billion and a price-to-earnings ratio of 14.43. The stock has a 50 day moving average of $7.54 and a 200-day moving average of $6.99.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.

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