Shares of Banco De Chile (NYSE:BCH) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $84.00.

BCH has been the topic of a number of research analyst reports. ValuEngine raised shares of Banco De Chile from a “hold” rating to a “buy” rating in a research 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 $98.00 price target on the stock in a research report on Tuesday, August 22nd. Santander raised shares of Banco De Chile from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. BidaskClub cut shares of Banco De Chile from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group set a $76.00 price target on shares of Banco De Chile and gave the company a “hold” rating in a research report on Saturday, July 1st.

Shares of Banco De Chile (NYSE BCH) opened at 92.97 on Monday. The company’s 50-day moving average price is $90.35 and its 200 day moving average price is $82.00. Banco De Chile has a 52 week low of $66.00 and a 52 week high of $95.80. The firm has a market cap of $15.53 billion, a P/E ratio of 17.22 and a beta of 0.41.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Banco De Chile by 2.2% during the second quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after purchasing an additional 41 shares during the period. Global X Management Co. LLC raised its holdings in shares of Banco De Chile by 27.9% during the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock valued at $139,000 after purchasing an additional 421 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Banco De Chile during the first quarter valued at about $235,000. Naples Global Advisors LLC raised its holdings in shares of Banco De Chile by 2.8% during the second quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock valued at $257,000 after purchasing an additional 90 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Banco De Chile by 140.2% during the second quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock valued at $295,000 after purchasing an additional 2,211 shares during the period. Hedge funds and other institutional investors own 1.54% of the company’s stock.

Banco De Chile Company Profile

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