The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 8.12M shares traded hands. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 17.77% since March 15, 2016 and is uptrending. It has outperformed by 12.29% the S&P500.
The move comes after 7 months positive chart setup for the $25.01B company. It was reported on Oct, 18 by Barchart.com. We have $12.73 PT which if reached, will make NYSE:IBN worth $14.51B more.
Analysts await ICICI Bank Ltd (ADR) (NYSE:IBN) to report earnings on November, 4.
ICICI Bank Ltd (ADR) (NYSE:IBN) Ratings Coverage
Out of 4 analysts covering ICICI Bank (NYSE:IBN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. ICICI Bank has been the topic of 7 analyst reports since August 19, 2015 according to StockzIntelligence Inc. As per Tuesday, August 25, the company rating was upgraded by Zacks. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, May 3. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned “Outperform” rating by Credit Suisse on Thursday, April 21. The company was upgraded on Monday, September 14 by Goldman Sachs. On Thursday, September 3 the stock rating was upgraded by Zacks to “Hold”. As per Wednesday, August 19, the company rating was upgraded by Zacks.
According to Zacks Investment Research, “ICICI Bank offers a wide range of banking products and services to corporate and retail customers through a variety of delivery channels.”
More recent ICICI Bank Ltd (ADR) (NYSE:IBN) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Benzinga.com published the news titled: “Why Is ICICI Bank Soaring Today?” on October 17, 2016. Nasdaq.com‘s news article titled: “ICICI Bank Limited – ADR (IBN): New Analyst Report from Zacks Equity Research …” with publication date: January 06, 2014 was also an interesting one.
IBN Company Profile
ICICI Bank Limited (the Bank), incorporated on January 5, 1994, is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury services and products.
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