Banco De Chile (NYSE:BCH) Stock Has Consensus Price Target of $39.67 According to Brokerages

Banco De Chile (NYSE:BCH – Get Free Report) has earned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.67.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Weiss Ratings downgraded Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered Banco De Chile from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st.

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Banco De Chile Trading Down 0.0%

Shares of BCH stock opened at $38.74 on Friday. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 13.41 and a beta of 0.27. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. Banco De Chile has a fifty-two week low of $33.60 and a fifty-two week high of $46.77. The firm’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $39.98.

Institutional Investors Weigh In On Banco De Chile

Several institutional investors and hedge funds have recently modified their holdings of the stock. Gen Wealth Partners Inc acquired a new stake in shares of Banco De Chile in the third quarter valued at about $34,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Banco De Chile during the 1st quarter valued at about $53,000. EverSource Wealth Advisors LLC raised its holdings in shares of Banco De Chile by 94.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,944 shares of the bank’s stock valued at $109,000 after buying an additional 1,433 shares during the period. Russell Investments Group Ltd. lifted its position in Banco De Chile by 9,846.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,984 shares of the bank’s stock worth $119,000 after acquiring an additional 2,954 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Banco De Chile during the 3rd quarter worth approximately $149,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco De Chile Company Profile

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Analyst Recommendations for Banco De Chile (NYSE:BCH)

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