Bancolombia (NYSE:CIB) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
Other research analysts have also recently issued reports about the stock. UBS Group raised shares of Bancolombia from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised shares of Bancolombia from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Citigroup cut shares of Bancolombia from a “neutral” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Deutsche Bank cut shares of Bancolombia from a “buy” rating to a “hold” rating and dropped their target price for the company from $52.00 to $45.00 in a report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.
Shares of Bancolombia (NYSE:CIB) traded up $1.32 during trading on Wednesday, reaching $45.02. 281,040 shares of the company’s stock were exchanged, compared to its average volume of 244,195. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. 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 stock has a market capitalization of $10,573.03, a PE ratio of 10.64, a PEG ratio of 2.40 and a beta of 0.46.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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