Banco de Chile ADR [BCH] stock prices are up 0.90% to $31.32 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BCH shares have gain 5.07% over the last week, with a monthly amount glided 3.92%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Banco de Chile ADR [NYSE: BCH] stock has seen the most recent analyst activity on December 19, 2023, when HSBC Securities downgraded its rating to a Hold. Previously, Jefferies started tracking the stock with Hold rating on October 16, 2023, and set its price target to $21. On June 02, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $24 on the stock. Scotiabank downgraded its rating to a Sector Perform. Credit Suisse downgraded its rating to a Neutral. Itau BBA downgraded its rating to Market Perform for this stock on June 07, 2022, but kept the price target unchanged to $22. In a note dated March 02, 2022, Credit Suisse upgraded an Outperform rating on this stock and boosted its target price from $18 to $25.
The stock price of Banco de Chile ADR [BCH] has been fluctuating between $22.06 and $31.84 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Banco de Chile ADR [NYSE: BCH] shares were valued at $31.32 at the most recent close of the market. An investor can expect a potential drop of -20.18% based on the average BCH price forecast.
Analyzing the BCH fundamentals
The Banco de Chile ADR [NYSE:BCH] reported sales of 4.86B for trailing twelve months, representing a drop of -8.10%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.21 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.01 points at the first support level, and at 30.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.58, and for the 2nd resistance point, it is at 31.83.
Ratios To Look Out For
It’s worth pointing out that Banco de Chile ADR [NYSE:BCH]’s Current Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 2.65 and price to earnings (TTM) ratio is 12.34.
