Zacks: Industrial & Cmrcl Bnk f China Ltd (IDCBY) Given Average Recommendation of “Strong Buy” by Brokerages
Industrial & Cmrcl Bnk f China Ltd (NASDAQ:IDCBY) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also assigned Industrial & Cmrcl Bnk f China an industry rank of 37 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 price objective on the stock in a report on Tuesday, May 23rd.
Shares of Industrial & Cmrcl Bnk f China (NASDAQ IDCBY) traded down 0.03% during trading on Friday, reaching $14.55. The company’s stock had a trading volume of 1,640 shares. The company has a market capitalization of $256.03 billion and a PE ratio of 6.22. Industrial & Cmrcl Bnk f China has a 1-year low of $11.33 and a 1-year high of $15.43. The stock has a 50 day moving average of $14.45 and a 200-day moving average of $13.46.
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Industrial & Cmrcl Bnk f China Company Profile
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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