Banco de Chile (BCH) Receives $91.00 Average Price Target from Analysts

Share on StockTwits

Shares of Banco de Chile (NYSE:BCH) have been assigned a consensus rating of “Sell” from the seven analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $91.00.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a report on Friday, September 21st. ValuEngine lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Finally, HSBC assumed coverage on shares of Banco de Chile in a research report on Monday, August 20th. They set a “reduce” rating on the stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BCH. Barclays PLC bought a new stake in Banco de Chile during the first quarter worth $160,000. Cozad Asset Management Inc. bought a new stake in Banco de Chile during the second quarter worth $338,000. UBS Group AG raised its position in Banco de Chile by 47.4% during the first quarter. UBS Group AG now owns 3,787 shares of the bank’s stock worth $381,000 after acquiring an additional 1,218 shares in the last quarter. Castleark Management LLC raised its position in Banco de Chile by 305.2% during the second quarter. Castleark Management LLC now owns 5,656 shares of the bank’s stock worth $526,000 after acquiring an additional 4,260 shares in the last quarter. Finally, KBC Group NV raised its position in Banco de Chile by 11.3% during the first quarter. KBC Group NV now owns 9,603 shares of the bank’s stock worth $966,000 after acquiring an additional 978 shares in the last quarter. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

BCH traded down $0.51 during trading hours on Monday, hitting $88.59. 35,903 shares of the company’s stock were exchanged, compared to its average volume of 35,944. Banco de Chile has a 1-year low of $79.60 and a 1-year high of $106.50. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.63 and a beta of 0.35. The company has a current ratio of 1.41, a quick ratio of 1.39 and a debt-to-equity ratio of 2.57.

Banco de Chile (NYSE:BCH) last announced its earnings results on Monday, July 30th. The bank reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.08. Banco de Chile had a net margin of 25.37% and a return on equity of 17.90%. The business had revenue of $736.27 million during the quarter. As a group, research analysts predict that Banco de Chile will post 5.37 earnings per share for the current fiscal year.

Banco de Chile Company Profile

Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.

Read More: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Banco de Chile (NYSE:BCH)

Receive News & Ratings for Banco de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco de Chile and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.