Banco De Chile (BCH) Rating Increased to Buy at ValuEngine

Banco De Chile (NYSE:BCH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, September 1st.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Banco De Chile from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Credit Suisse Group set a $76.00 price objective on shares of Banco De Chile and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research downgraded shares of Banco De Chile from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Banco De Chile presently has an average rating of “Buy” and a consensus price target of $88.67.

Banco De Chile (NYSE BCH) opened at 87.70 on Friday. The company has a 50-day moving average price of $87.17 and a 200 day moving average price of $79.10. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 16.24 and a beta of 0.40. Banco De Chile has a 52-week low of $65.75 and a 52-week high of $89.91.

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A number of hedge funds and other institutional investors have recently bought and sold shares of BCH. Karp Capital Management Corp bought a new position in Banco De Chile during the 1st quarter valued at $8,365,000. Renaissance Technologies LLC boosted its stake in Banco De Chile by 10.8% during the 1st quarter. Renaissance Technologies LLC now owns 630,152 shares of the bank’s stock valued at $45,472,000 after acquiring an additional 61,600 shares during the last quarter. AQR Capital Management LLC boosted its stake in Banco De Chile by 21.2% during the 1st quarter. AQR Capital Management LLC now owns 94,163 shares of the bank’s stock valued at $6,795,000 after acquiring an additional 16,468 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Banco De Chile by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,725 shares of the bank’s stock valued at $11,309,000 after acquiring an additional 15,823 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Banco De Chile by 59.3% during the 1st quarter. Morgan Stanley now owns 35,186 shares of the bank’s stock valued at $2,539,000 after acquiring an additional 13,099 shares during the last quarter. Hedge funds and other institutional investors own 1.54% of the company’s stock.

Banco De Chile Company Profile

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