Zacks: Industrial & Cmrcl Bnk f China Ltd (IDCBY) Receives Consensus Rating of “Strong Buy” from Brokerages
Industrial & Cmrcl Bnk f China Ltd (NASDAQ:IDCBY) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also given Industrial & Cmrcl Bnk f China an industry rank of 25 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Industrial & Cmrcl Bnk f China from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday, June 3rd.
Industrial & Cmrcl Bnk f China (NASDAQ IDCBY) traded down 0.93% during trading on Friday, hitting $13.91. 18,766 shares of the stock traded hands. The company’s 50 day moving average price is $13.65 and its 200 day moving average price is $13.19. Industrial & Cmrcl Bnk f China has a 12 month low of $11.33 and a 12 month high of $14.48. The company has a market cap of $251.00 billion and a P/E ratio of 6.05.
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About Industrial & Cmrcl Bnk f China
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED is a China-based company principally engaged in the provision of banking and related financial services. The Bank mainly operates three segments, including Corporate Banking segment, Personal Banking segment and Treasury segment. The Corporate Banking segment provides loan, trade financing, deposit, corporate finance, custody and other related financial products and services to enterprises, government agencies and financial institutions.
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