BanColombia S.A. found using ticker (CIB) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 41 and 26.9 with a mean TP of 35.73. With the stocks previous close at 25.71 this now indicates there is a potential upside of 39.0%. There is a 50 day moving average of 28.03 and the 200 moving average now moves to 28.92. The market capitalisation for the company is $6,704m. Visit the company website at: https://www.grupobancolombia.com
The potential market cap would be $9,317m based on the market concensus.
Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner’s insurance products; and online and computer banking services. Further, the company provides project and acquisition finance, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services. Bancolombia S.A. was incorporated in 1945 and is headquartered in Medellín, Colombia.
