ICICI Bank (NYSE:IBN) has earned an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.
IBN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, January 8th. ValuEngine lowered shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Morgan Stanley initiated coverage on shares of ICICI Bank in a research note on Tuesday, January 16th. They set an “overweight” rating on the stock.
ICICI Bank stock traded up $0.14 during midday trading on Friday, hitting $8.85. 10,700,504 shares of the stock were exchanged, compared to its average volume of 8,134,848. ICICI Bank has a 52 week low of $7.48 and a 52 week high of $11.26. The firm has a market capitalization of $28,350.64, a price-to-earnings ratio of 19.67, a PEG ratio of 1.09 and a beta of 1.86.
WARNING: This article was published by WKRB News and is the property of of WKRB News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.wkrb13.com/2018/04/01/icici-bank-ibn-given-consensus-rating-of-buy-by-brokerages.html.
ICICI Bank Company Profile
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, and security deposits.
Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.