ICICI Bank Ltd (ADR) (NYSE:IBN) soared 0.12% during previous trade, a total of 7.42M shares exchanged hands compared with its average trading volume of 6.53M shares whereas its relative volume is 0.99. The stock has a market capitalization of $25.12B along with 5.82B outstanding shares. Stock’s intraday price range hit the peak level of $8.68 and touched the lowest level of $8.53.
Most recently ICICI Bank Ltd (ADR) (NYSE:IBN)’s price target was revised on 4/14/17 and according to 1 analyst stock’s price will reach at $10 during 52 weeks with standard deviation of 0.00. Stock’s minimum price target estimates has been figured out at $10 while the maximum price target forecast is established at $10, if we look at the price target with an optimistic approach it has upside potential of 32% from its latest closing price of $8.54.
Historically, if we look at price target revisions, two weeks ago ICICI Bank Ltd (ADR) (NYSE:IBN)’s price target was revised on 4/03/17 by the analysts, however the bullish price estimates of the stock set at $10 while the bearish estimates kept at $10over the next one year. Stock’s 52-week target was retained at $10, the estimates indicates a standard deviation of 0.00.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.00. ABR value is precisely based on brokerage recommendations, where out of 1 brokerage recommendations 0 rate ICICI Bank Ltd (ADR) (NYSE:IBN) stock a Strong Buy, 1 rate the stocks of the company a Buy, 0 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/20/17 the stock of ICICI Bank Ltd (ADR) (NYSE:IBN) upgraded by Macquarie from Neutral to Outperform. However previously on 3/6/17 it was downgraded by Jefferies from Buy to Hold. A research note issued on 10/24/16 the stock was upgraded by Goldman from Neutral to Buy.
ICICI Bank Ltd (ADR) (NYSE:IBN) performance over the past one year soared 14.88% whereas its year to date (YTD) performance indicated a bullish trend of 14.02%. During the last six months the stock slipped -1.84%. Quarterly performance of the company shows optimistic momentum of 9.21% while its weekly performance expressed up trend of 0.59%.
The company’s price sits 0.75% above from its 50-day moving average of $8.53 and 7.08% far from the stock’s 200-day moving average which is $8.11. ICICI Bank Ltd (ADR) (NYSE:IBN)’s shares are currently trading -3.94% away from the 52-week high price of $8.89 and +38.40% far from the 52-week low price of $6.17.