ICICI Bank Limited with ticker code (IBN) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 30.9 and 27 and has a mean target at $28.63. Given that the stocks previous close was at $21.01 this would imply there is now a potential upside of 36.3%. It’s also worth noting that there is a 50 day moving average of $20.73 and the 200 day moving average is $21.18. The total market capitalization for the company now stands at $73,489m. Visit the company website at: https://www.icicibank.com
The potential market cap would be $100,142m based on the market consensus.
ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits. It also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities, card swipes, and schools and colleges; and credit, debit, prepaid, travel, and corporate cards. In addition, the company offers insurance products; pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services, as well as other services to agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, project and technology finance, and institutional banking services, as well as Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. ICICI Bank Limited was founded in 1955 and is headquartered in Mumbai, India.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 19.31, revenue per share of 326.56 and a 1.87% return on assets.
