Bancolombia SA (NYSE:CIB) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $40.62 and last traded at $40.59, with a volume of 275,045 shares traded. The stock had previously closed at $39.30.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. HSBC downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Deutsche Bank AG upgraded shares of Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Bancolombia SA currently has a consensus rating of “Hold” and a consensus price target of $39.88.

The firm’s 50 day moving average price is $36.63 and its 200-day moving average price is $34.88. The firm has a market cap of $9.83 billion and a price-to-earnings ratio of 12.42.

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

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