Banco De Chile (NYSE:BCH) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.00.
Several research firms recently issued reports on BCH. JPMorgan Chase & Co. downgraded Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Wednesday, September 6th. Zacks Investment Research downgraded Banco De Chile from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Scotiabank downgraded Banco De Chile from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 24th. Santander upgraded Banco De Chile from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, ValuEngine upgraded Banco De Chile from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
Several large investors have recently added to or reduced their stakes in BCH. Dimensional Fund Advisors LP boosted its position in shares of Banco De Chile by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,031 shares of the bank’s stock valued at $18,235,000 after purchasing an additional 5,432 shares during the period. Aperio Group LLC lifted its position in Banco De Chile by 8.3% during the 3rd quarter. Aperio Group LLC now owns 129,889 shares of the bank’s stock worth $11,842,000 after acquiring an additional 9,963 shares during the period. Parametric Portfolio Associates LLC lifted its position in Banco De Chile by 4.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 49,043 shares of the bank’s stock worth $3,822,000 after acquiring an additional 2,044 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Banco De Chile by 10.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 42,670 shares of the bank’s stock worth $3,891,000 after acquiring an additional 3,923 shares during the period. Finally, Northern Trust Corp lifted its position in Banco De Chile by 4.7% during the 2nd quarter. Northern Trust Corp now owns 39,397 shares of the bank’s stock worth $3,069,000 after acquiring an additional 1,785 shares during the period. 1.41% of the stock is owned by institutional investors and hedge funds.
Banco De Chile (BCH) opened at $96.53 on Friday. The firm has a market capitalization of $15,822.70, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.41. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.39 and a current ratio of 1.42. Banco De Chile has a 12 month low of $69.45 and a 12 month high of $98.31.
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Banco De Chile Company Profile
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