Goldman Sachs Group upgraded shares of ICICI Bank (NYSE:IBN) from a buy rating to a conviction-buy rating in a research note released on Monday, The Fly reports.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of ICICI Bank from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Tuesday, April 9th. Standpoint Research lowered shares of ICICI Bank from a buy rating to a hold rating in a research report on Friday, March 29th. ValuEngine raised shares of ICICI Bank from a hold rating to a buy rating in a research report on Tuesday, March 19th. Finally, Sanford C. Bernstein raised shares of ICICI Bank from an underperform rating to a market perform rating in a research report on Monday, February 4th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. ICICI Bank presently has a consensus rating of Buy and an average price target of $12.00.
IBN opened at $11.27 on Monday. ICICI Bank has a fifty-two week low of $7.61 and a fifty-two week high of $11.59. The stock has a market cap of $35.85 billion, a P/E ratio of 35.22 and a beta of 0.98.
ICICI Bank Company Profile
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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