Banco De Chile (NYSE:BCH) Stock Has Average Target Price of $39.67

Shares of Banco De Chile (NYSE:BCH – Get Free Report) have been given an average rating of “Reduce” by the five brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.67.

Several brokerages recently commented on BCH. Wall Street Zen cut shares of Banco De Chile from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. cut their target price on shares of Banco De Chile from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. Finally, Weiss Ratings cut Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th.

Get Our Latest Analysis on BCH

Hedge Funds Weigh In On Banco De Chile

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

Banco De Chile Stock Performance

NYSE:BCH opened at $38.74 on Friday. 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 stock has a market cap of $19.57 billion, a PE ratio of 13.41 and a beta of 0.27. The firm’s fifty day simple moving average is $40.05 and its 200-day simple moving average is $39.98.

About Banco De Chile

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Analyst Recommendations for Banco De Chile (NYSE:BCH)

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