ICICI Bank Limited (NYSE: IBN) is -6.72% lower on its value in year-to-date trading and has touched a low of $17.07 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 $20.01 in the last trading session, with the day’s gains setting it 0.41% off its average median price target of $27.13 for the next 12 months. It is also 34.04% off the consensus price target high of $30.96 offered by 43 analysts, but current levels are 15.41% higher than the price target low of $24.14 for the same period.
Currently trading at $20.42, the stock is -1.38% and -2.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.03 million and changing 2.05% at the moment leaves the stock -3.15% off its SMA200. IBN registered 15.96% gain for a year compared to 6-month loss of -11.83%.
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The stock witnessed a -0.78% gain in the last 1 month and extending the period to 3 months gives it a -10.12%, and is -3.36% down 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 1.65% over the week and 1.19% over the month.
ICICI Bank Limited (IBN) has around 103010 employees, a market worth around $73.21B and $13.61B in sales. Current P/E ratio is 18.61 and Fwd P/E is 15.83. Profit margin for the company is 28.60%. Distance from 52-week low is 19.63% and -14.02% 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”. 43 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”. 41 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 3.49B, and float is at 3.39B with Short Float at 0.53%.