ICICI Bank Ltd (NYSE:IBN) gapped up before the market opened on Thursday . The stock had previously closed at $9.98, but opened at $10.20. ICICI Bank shares last traded at $10.41, with a volume of 14290739 shares trading hands.
A number of equities research analysts have issued reports on the company. Morgan Stanley assumed coverage on ICICI Bank in a research note on Tuesday, January 16th. They set an “overweight” rating for the company. Zacks Investment Research upgraded ICICI Bank from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Monday, January 8th. Finally, Jefferies Group raised ICICI Bank from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. ICICI Bank presently has a consensus rating of “Buy” and an average price target of $11.00.
The firm has a market capitalization of $33,348.04, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.80.
About ICICI Bank
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.
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