Scotiabank Lowers Banco De Chile (BCH) to Sector Perform

Banco De Chile (NYSE:BCH) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, October 24th, The Fly reports.

A number of other research firms have also recently commented on BCH. BidaskClub cut shares of Banco De Chile from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Banco De Chile from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Banco De Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Credit Suisse Group set a $76.00 price target on shares of Banco De Chile and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, J P Morgan Chase & Co lowered shares of Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Banco De Chile has an average rating of “Buy” and an average price target of $88.67.

Banco De Chile (NYSE:BCH) traded down $0.45 during trading hours on Tuesday, hitting $90.04. 17,300 shares of the stock were exchanged, compared to its average volume of 41,488. The company has a market cap of $15,045.68, a PE ratio of 17.60, a P/E/G ratio of 2.07 and a beta of 0.46. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 2.50. Banco De Chile has a twelve month low of $66.65 and a twelve month high of $95.80.

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Several large investors have recently bought and sold shares of BCH. Global X Management Co. LLC increased its holdings in shares of Banco De Chile by 27.9% during the 1st quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock valued at $139,000 after purchasing an additional 421 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Banco De Chile by 2.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after purchasing an additional 41 shares in the last quarter. Naples Global Advisors LLC increased its holdings in shares of Banco De Chile by 2.8% during the 2nd quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock valued at $257,000 after purchasing an additional 90 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Banco De Chile by 140.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock valued at $295,000 after purchasing an additional 2,211 shares in the last quarter. Finally, Banco BTG Pactual S.A. increased its holdings in shares of Banco De Chile by 69.0% during the 2nd quarter. Banco BTG Pactual S.A. now owns 4,900 shares of the bank’s stock valued at $382,000 after purchasing an additional 2,000 shares in the last quarter. 1.56% of the stock is owned by hedge funds and other institutional investors.

Banco De Chile Company Profile

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