Banco de Chile Stock (NYSE: BCH – Get a rating) earned an average rating of “moderate buy” from the eight research companies that cover the business, Marketbeat reports. Three analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokers who have covered the stock over the past year is $23.00.
Several equity research analysts have recently commented on the stock. Itaú Unibanco downgraded Banco de Chile shares from an “outperform” rating to a “market perform” rating and set a price target of $22.00 for the stock. in a research note from Tuesday, June 7. Credit Suisse Group cut its price target on Banco de Chile shares to $21.00 in a research note Monday, August 22. Itau BBA Securities downgraded Banco de Chile shares from an “outperform” rating to a “market performer” rating and set a price target of $22.00 for the stock. in a research note from Tuesday, June 7. Banco Santander upgraded Banco de Chile shares to a “buy” rating and set a price target of $25.00 on the stock in a Friday, May 20 research note. Finally, Grupo Santander upgraded Banco de Chile shares from a “neutral” rating to an “outperforming” rating and set a price target of $25.00 on the stock in a Thursday, May 19 research note. .
Institutional negotiation of Banco de Chile
Several hedge funds and other institutional investors have recently changed their positions in BCH. Itau Unibanco Holding SA acquired a new position in Banco de Chile during the fourth quarter worth approximately $7,571,000. Investors Research Corp increased its position in Banco de Chile by 18.7% in the first quarter. Investors Research Corp now owns 48,025 shares of the bank worth $1,029,000 after buying an additional 7,550 shares during the period. Whittier Trust Co. acquired a new position in Banco de Chile during the first quarter worth approximately $230,000. TCW Group Inc. acquired a new position in Banco de Chile during the first quarter worth approximately $290,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Banco de Chile during the second quarter worth approximately $219,000. Hedge funds and other institutional investors own 0.89% of the company’s shares.
Bank of Chile price performance
BCH shares opened at $19.53 on Friday. The company’s fifty-day simple moving average is $18.41 and its 200-day simple moving average is $19.96. Banco de Chile has a 12-month low of $15.60 and a 12-month high of $22.74. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt ratio of 3.17. The company has a market capitalization of $9.86 billion, a price-earnings ratio of 5.78, a PEG ratio of 0.80 and a beta of 0.37.
About Banco de Chile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking and cash and money market segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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