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Bancolombia S.A. (NYSE:CIB) set a new 52-week low during trading hours on Friday, American Banking and Market News reports. The company traded as low as $43.61 and last traded at $44.16, with a volume of 238,455 shares. The stock had previously closed at $44.47.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Bancolombia S.A. from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Bancolombia S.A. in a research note to investors on Thursday, November 14th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $58.30.

Bancolombia S.A. has a 52-week low of $43.61 and a 52-week high of $70.62. The stock has a 50-day moving average of $47.84 and a 200-day moving average of $53.92. The company has a market cap of $9.357 billion and a P/E ratio of 11.31.

Bancolombia SA (NYSE:CIB) is a full-service financial institution that provides a range of banking products and services to a diversified individual and corporate customer base throughout Colombia, as well as in other jurisdictions, such as Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States and Spain.

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