Banco De Chile (NYSE:BCH) Cut to Sector Perform at Scotiabank

Banco De Chile (NYSE:BCH) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, October 24th, The Fly reports.

Several other research analysts have also recently issued reports on BCH. Credit Suisse Group set a $76.00 price target on Banco De Chile and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub raised Banco De Chile from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised Banco De Chile from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Tuesday, August 22nd. Santander raised Banco De Chile from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co cut Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Banco De Chile currently has an average rating of “Buy” and an average price target of $88.67.

Banco De Chile (NYSE BCH) traded down $0.45 on Tuesday, reaching $90.04. The company’s stock had a trading volume of 17,300 shares, compared to its average volume of 43,419. The firm has a market capitalization of $14,960.00, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. Banco De Chile has a 12-month low of $66.65 and a 12-month high of $95.80. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.42 and a quick ratio of 1.39.

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A number of large investors have recently made changes to their positions in BCH. Parametric Portfolio Associates LLC raised its stake in Banco De Chile by 15.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 46,999 shares of the bank’s stock valued at $3,391,000 after purchasing an additional 6,355 shares during the period. Stifel Financial Corp raised its stake in Banco De Chile by 12.6% during the 1st quarter. Stifel Financial Corp now owns 8,709 shares of the bank’s stock valued at $627,000 after purchasing an additional 976 shares during the period. Global X Management Co. LLC raised its stake in Banco De Chile by 27.9% during the 1st 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. UBS Group AG raised its stake in Banco De Chile by 94.7% during the 1st quarter. UBS Group AG now owns 5,819 shares of the bank’s stock valued at $420,000 after purchasing an additional 2,830 shares during the period. Finally, Morgan Stanley raised its stake in Banco De Chile by 59.3% during the 1st quarter. Morgan Stanley now owns 35,186 shares of the bank’s stock valued at $2,539,000 after purchasing an additional 13,099 shares during the period. 1.56% of the stock is currently owned by institutional investors.

Banco De Chile Company Profile

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