Brokerage Firm Rating Update on BanColombia S.A. (CIB)

BanColombia S.A. (CIB) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BanColombia S.A. (CIB). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Sell with a rating of 3.8.

BanColombia S.A. (CIB) : The consensus price target for BanColombia S.A. (CIB) is $35.33 for the short term with a standard deviation of $3.51. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $32.


Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank upgrades its rating on BanColombia S.A. (NYSE:CIB). Analysts at the Deutsche Bank have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on August 22, 2016.

BanColombia S.A. (NYSE:CIB): The stock opened at $41.5 and touched an intraday high of $42.26 on Wednesday. During the day, the stock corrected to an intraday low of $41.5, however, the bulls stepped in and pushed the price higher to close in the green at $42.2 with a gain of 1.61% for the day. The total traded volume for the day was 401,986. The stock had closed at $41.53 in the previous trading session.

Bancolombia S.A. is a commercial bank. The Bank provides financial products and services to a diversified individual, corporate and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment, financing, mortgage banking, factoring, financial and operating leases, capital markets, eTrading, cash management, foreign currency, insurance, investment banking, and trust and fiduciary services. The Bank manages its business through ten main operating segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Insurance, Off Shore and All other. It performs inter-bank lending, repurchase agreements (repos), foreign exchange transactions, as well as sovereign and corporate securities sales and trading. It operates through Panamas Grupo Agromercantil Holding SA.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.