Bancolombia SA (CIB) Given Average Recommendation of “Hold” by Brokerages
Bancolombia SA (NYSE:CIB) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $43.67.
A number of brokerages have commented on CIB. Zacks Investment Research lowered Bancolombia from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Deutsche Bank lowered Bancolombia from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $45.00 in a report on Friday, October 27th. J P Morgan Chase & Co lowered Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Santander lowered Bancolombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th.
Bancolombia (NYSE:CIB) opened at $38.98 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $9,211.91, a P/E ratio of 9.63, a P/E/G ratio of 2.26 and a beta of 0.34. Bancolombia has a 1-year low of $35.52 and a 1-year high of $48.74.
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Bancolombia Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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