What’s Next for Banco de Chile (ADR) (BCH) After Making 52-Week High?

June 19, 2017 - By Michael Collier

The stock of Banco de Chile (ADR) (NYSE:BCH) hit a new 52-week high and has $85.70 target or 8.00 % above today’s $79.35 share price. The 7 months bullish chart indicates low risk for the $12.98 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $85.70 price target is reached, the company will be worth $1.04B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 246 shares traded. Banco de Chile (ADR) (NYSE:BCH) has risen 26.52% since June 19, 2016 and is uptrending. It has outperformed by 9.82% the S&P500.

Banco de Chile (ADR) (NYSE:BCH) Ratings Coverage

Among 4 analysts covering Banco de Chile (NYSE:BCH), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Banco de Chile had 8 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, December 13. The stock of Banco de Chile (ADR) (NYSE:BCH) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The company was downgraded on Friday, May 6 by JP Morgan. Scotia Capital upgraded the stock to “Outperform” rating in Friday, July 15 report. The stock of Banco de Chile (ADR) (NYSE:BCH) has “Overweight” rating given on Thursday, April 7 by Barclays Capital. The firm has “Hold” rating by Standpoint Research given on Monday, August 15. Zacks upgraded Banco de Chile (ADR) (NYSE:BCH) rating on Tuesday, August 11. Zacks has “Hold” rating and $72 target.

More news for Banco de Chile (ADR) (NYSE:BCH) were recently published by: Dividend.com, which released: “Banco De Chile” on June 05, 2008. Marketwatch.com‘s article titled: “79.01” and published on December 21, 2009 is yet another important article.

Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit services and products in Chile. The company has market cap of $12.98 billion. The Bank offers a range of banking services to its customers, ranging from individuals to firms. It has a 15.31 P/E ratio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.