ICICI Bank Hits New 1-Year High at $52.29 (IBN)
Shares of ICICI Bank (NYSE:IBN) reached a new 52-week high during trading on Monday , Analyst Ratings Net reports. The company traded as high as $52.29 and last traded at $52.10, with a volume of 623,506 shares traded. The stock had previously closed at $51.83.
A number of research firms have recently commented on IBN. Analysts at Zacks upgraded shares of ICICI Bank from a “neutral” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $49.00 price target on the stock. Analysts at Standpoint Research downgraded shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.
The stock’s 50-day moving average is $47.44 and its 200-day moving average is $39.91. The company has a market cap of $30.164 billion and a P/E ratio of 16.12. ICICI Bank also was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 16,558,223 shares, a growth of 335.8% from the April 30th total of 3,799,095 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 4,192,331 shares, the days-to-cover ratio is presently 3.9 days.
ICICI Bank (NYSE:IBN) last announced its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.02. Analysts expect that ICICI Bank will post $3.32 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.