ICICI Bank Limited (NYSE: IBN) is -1.69% lower on its value in year-to-date trading and has touched a low of $16.36 and a high of $23.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IBN stock was last observed hovering at around $21.39 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $26.94 for the next 12 months. It is also 30.18% off the consensus price target high of $30.82 offered by 46 analysts, but current levels are 11.37% higher than the price target low of $24.28 for the same period.
Currently trading at $21.52, the stock is -0.45% and -3.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.0 million and changing 0.61% at the moment leaves the stock 3.64% off its SMA200. IBN registered 0.42% gain for a year compared to 6-month gain of 8.63%.
The stock witnessed a -2.05% loss in the last 1 month and extending the period to 3 months gives it a -0.23%, and is 0.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.20% over the week and 1.18% over the month.
ICICI Bank Limited (IBN) has around 103010 employees, a market worth around $74.20B and $12.84B in sales. Current P/E ratio is 20.89 and Fwd P/E is 16.81. Profit margin for the company is 28.40%. Distance from 52-week low is 31.54% and -9.39% from its 52-week high. The company has generated returns on investments over the last 12 months (11.50%).
ICICI Bank Limited (IBN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ICICI Bank Limited (IBN) is a “Buy”. 46 analysts offering their recommendations for the stock have an average rating of 1.30, where 1 rate it as a Hold and 1 think it is a “Overweight”. 44 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ICICI Bank Limited is expected to release its quarterly report on 05/08/2023.The EPS is expected to grow by 32.10% this year.
ICICI Bank Limited (IBN) Top Institutional Holders
The shares outstanding are 3.48B, and float is at 3.39B with Short Float at 0.78%.