According to Bloomberg, the eight research companies that cover Banco de Chile (NYSE: BCH) have given the company’s shares an average rating of “Moderate Buy.” The research firms provided this rating. These research firms determined this grade to be appropriate. There have been six recommendations made by industry professionals, with three recommending that investors maintain a hold position on the stock and four others recommending that investors buy the securities. $23.00 is the price target analysts who have been watching the firm for the past year have set as their average expectation for it to reach within the next 12 months.
In recent times, various equity research specialists have provided their input on the stocks that have been the focus of their attention. Ita In a research report that was released on Tuesday, June 7th, Banco de Chile was downgraded from an “outperform” rating to a “market perform” rating and set a price target of $22.00 for the company. Credit Suisse Group announced that they would now place their price objective on Banco de Chile shares at $21.00 on August 22nd. Itau BBA Securities downgraded their rating on the claims of Banco de Chile from “outperform” to “market perform,” They cut their price objective for the firm from $24.00 per share to $22.00 per share. On June 7th, a research note was discussed in front of the class. Banco Santander confirmed their “buy” recommendation on shares of Banco de Chile and issued a price objective for the company’s stock of $25.00 in a research note dated Friday, May 20th.
The note was published on the company’s website. In a research report released on Thursday, May 19th, Grupo Santander raised their rating on shares of Banco de Chile from “outperform” to “outperform” in a research report. They also established a price objective of $25.00 for the company. Recently, several hedge funds and other types of institutional investors have adjusted how they are now invested in Bitcoin Cash (BCH). Itau Unibanco Holding S.A. made a new investment in Banco de Chile of about 7,571,000 Chilean pesos over the last three months of 2018. The Investors Research Corporation raised its stake in Banco de Chile by 18.7% during the first three months of 2018. After purchasing an additional 7,550 shares during the quarter, Investors Research Corp now has 48,025 shares of the bank’s stock.
These shares have a combined value of $1,029,000, making the total value of Investors Research Corp’s holdings $1,029,000. Whittier Trust Company purchased a new interest in Banco de Chile for roughly 230,000 dollars during the first three months. TCW Group, Inc. made a new investment in Banco de Chile totaling about $290,000 during the first three months of 2018. This investment was made into a position. Last but certainly not least, during the second quarter, Sumitomo Mitsui DS Asset Management Company Ltd. purchased a new interest in Banco de Chile for roughly $219,000. About 0.89 percent of the total number of shares outstanding in the company are held by hedge funds and other institutional investors. On Friday, a percentage of BCH stock was set at $19.53, and trading commenced.
The company has a simple moving average of $18.41 for the last fifty days and a simple moving average of $19.96 for the last two hundred days. Over the previous year, the price of Banco de Chile ranged from a low of $15.60 to a high of $22.74, with an average price of $22.74. There is outstanding debt that is 3.17 times as much as there is equity in the company. Both the current ratio and the quick ratio are equal to 1.46 in this scenario. The company has a price-to-earnings ratio of 5.78, a price-to-earnings-to-growth ratio of 0.80, and a beta value is 0.37. These ratios measure how expensive a stock is about its earnings per share. The corporation’s total value, represented by its market capitalization, is $9.86 billion.
The people of Chile can take advantage of a comprehensive range of banking and financial products and services provided by Banco de Chile and its subsidiaries and affiliates. It has three parts that do different things: wholesale banking, retail banking, and the Treasury and money market. The company also possesses a money market. There are many ways to get money, such as opening a checking account, savings account, time deposit account, credit card account, mortgage loan, consumer loan, working capital loan, syndicated loan, or installment loan.