Banco De Chile (NYSE:BCH) was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They currently have a $92.00 target price on the bank’s stock. J P Morgan Chase & Co’s price target indicates a potential upside of 6.10% from the company’s previous close.

BCH has been the topic of several other research reports. ValuEngine raised shares of Banco De Chile from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Banco De Chile from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Friday, June 2nd. BidaskClub downgraded shares of Banco De Chile from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group set a $76.00 target price on shares of Banco De Chile and gave the stock a “hold” rating in a report on Saturday, July 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Banco De Chile currently has an average rating of “Buy” and a consensus target price of $88.67.

Shares of Banco De Chile (NYSE:BCH) traded down 1.51% during trading on Wednesday, hitting $86.71. 34,682 shares of the stock were exchanged. The stock has a market cap of $14.48 billion, a PE ratio of 16.06 and a beta of 0.40. Banco De Chile has a 52-week low of $62.99 and a 52-week high of $89.91. The firm has a 50 day moving average of $86.74 and a 200-day moving average of $78.58.

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Several hedge funds have recently added to or reduced their stakes in BCH. Profund Advisors LLC lifted its holdings in shares of Banco De Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 6,192 shares of the bank’s stock worth $447,000 after buying an additional 3,136 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Banco De Chile by 16.6% in the first quarter. Eqis Capital Management Inc. now owns 4,761 shares of the bank’s stock worth $344,000 after buying an additional 678 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Banco De Chile by 36.7% in the first quarter. LSV Asset Management now owns 3,722 shares of the bank’s stock worth $268,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Banco De Chile by 1.6% in the first quarter. US Bancorp DE now owns 4,947 shares of the bank’s stock worth $357,000 after buying an additional 76 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Banco De Chile by 1.3% in the first quarter. Comerica Bank now owns 9,342 shares of the bank’s stock worth $685,000 after buying an additional 119 shares in the last quarter. 1.54% of the stock is currently owned by hedge funds and other institutional investors.

Banco De Chile Company Profile

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