Industrial & Cmrcl Bnk f China Ltd (IDCBY) Given Average Recommendation of “Strong Buy” by Brokerages

Industrial & Cmrcl Bnk f China Ltd (NASDAQ:IDCBY) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Zacks has also given Industrial & Cmrcl Bnk f China an industry rank of 37 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Industrial & Cmrcl Bnk f China from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, May 23rd.

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Industrial & Cmrcl Bnk f China (NASDAQ IDCBY) remained flat at $14.36 during trading on Friday. The stock had a trading volume of 5,937 shares. The stock has a 50 day moving average of $13.32 and a 200-day moving average of $13.03. Industrial & Cmrcl Bnk f China has a 12-month low of $11.33 and a 12-month high of $14.45. The firm has a market cap of $259.12 billion and a P/E ratio of 6.30.

About Industrial & Cmrcl Bnk f China

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED is a China-based company principally engaged in the provision of banking and related financial services. The Bank mainly operates three segments, including Corporate Banking segment, Personal Banking segment and Treasury segment. The Corporate Banking segment provides loan, trade financing, deposit, corporate finance, custody and other related financial products and services to enterprises, government agencies and financial institutions.

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