ICICI Bank Limited (NYSE:IBN) has been upgraded from Neutral to Outperform in a statement by Macquarie Research earlier today.
- Updated: March 20, 2017
Having a price of $8.41, ICICI Bank Limited (NYSE:IBN) traded 0.59% higher on the day. With the last stock price up 6.26% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. IBN has recorded a 50-day average of $8.38 and a two hundred day average of $7.98. Trade Volume was down over the average, with 1,295,275 shares of IBN changing hands under the typical 7,277,220
Macquarie Research has upgraded ICICI Bank Limited (NYSE:IBN) from Neutral to Outperform in a statement released on 3/20/2017.
Recent Performance Chart
ICICI Bank Limited has PE ratio of 16.25 with a one year low of $6.30 and a one year high of $8.81 and has a market capitalization of $0.
A total of 1 brokerage has issued a ratings update on ICICI Bank Limited. One brokerage rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $9.70.
General Company Details For ICICI Bank Limited (NYSE:IBN)
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. The Bank's business segments are Retail banking, Wholesale banking, Treasury, Other banking, Life insurance, General insurance and Others. It has a network of approximately 18,210 branches and automated teller machines (ATMs). The Bank has approximately 110 Touch Banking branches across over 30 cities. Its international banking is focused on providing solutions for the international banking requirements of its Indian corporate clients and leveraging economic corridors between India and the rest of the world. The Bank caters to the financial needs of women entrepreneurs through its Self-Help Group (SHG) program as a part of its microfinance initiatives.
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