ICICI Bank Ltd Coverage Initiated at Standpoint Research (IBN)
Standpoint Research started coverage on shares of ICICI Bank Ltd (NYSE:IBN) in a research note issued on Wednesday, Analyst Ratings News reports. The firm set an “accumulate” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ICICI Bank Ltd in a research note to investors on Monday, January 6th. They now have a $38.00 price target on the stock. Analysts at Jefferies Group upgraded shares of ICICI Bank Ltd from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 12th.
Shares of ICICI Bank Ltd (NYSE:IBN) traded down 5.13% during mid-day trading on Wednesday, hitting $32.00. 2,184,709 shares of the company’s stock traded hands. ICICI Bank Ltd has a 1-year low of $24.94 and a 1-year high of $48.44. The stock’s 50-day moving average is $36.22 and its 200-day moving average is $33.71. The company has a market cap of $18.457 billion and a price-to-earnings ratio of 10.79.
ICICI Bank Limited (NYSE:IBN) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations.
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