Bernstein upgraded its ICICI Bank Limited [IBN] rating to an Outperform from a a Mkt perform in a research note published on Tuesday. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies also remained covering IBN and has increased its forecast on October 30, 2017 with a “Buy” recommendation from previously “Hold” rating. Macquarie revised its rating on March 20, 2017. It rated IBN as “an Outperform” which previously was an “a Neutral”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Price Performance Review of IBN
On Tuesday, ICICI Bank Limited [NYSE:IBN] saw its stock jump 3.45% to $18.01. On the same session, the stock had its day’s lowest price of $17.66, but rose to a high of $18.10. Over the last five days, the stock has gained 4.59%. ICICI Bank Limited shares have fallen nearly -8.99% since the year began. Nevertheless, the stocks have risen 4.59% over the past one year. While a 52-week high of $22.34 was reached on 01/13/22, a 52-week low of $16.36 was recorded on 03/07/22. SMA at 50 days reached $18.74, while 200 days put it at $19.53.
Levels Of Support And Resistance For IBN Stock
The 24-hour chart illustrates a support level at 17.75, which if violated will result in even more drops to 17.48. On the upside, there is a resistance level at 18.19. A further resistance level may holdings at 18.36. The Relative Strength Index (RSI) on the 14-day chart is 46.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.10%. Stochastics %K at 21.77% indicates the stock is a holding.
ICICI Bank Limited [IBN] – Who Are The Largest Shareholders?
In filings from Morgan Stanley Investment Managem, it is revealed that the company now owns 49,665,469 shares, or roughly 1.43% of the outstanding IBN shares. In other words, the investor’s shares have fallen by -4,563,531 from its previous 13-F filing of 54229000.0. Additionally, Harding Loevner LP decreased -0.20% of its stake after which the total value it holdings stand at $649,244,192, while Morgan Stanley & Co. Internationa added 26,392.98% of its stake to hold $645.17 million in the firm. Over the last quarter, Temasek Holdings Pte Ltd. sold -376,500 shares of ICICI Bank Limited, while GQG Partners LLC sold -23,462,248 shares. At present, Capital Research & Management Co is holding 19,082,555 shares valued at $367.34 million. Hardman Johnston Global Advisors owned 17,841,071 shares of the company at the time of its most recent 13F filing, worth $343.44 million.
According to FactSet, ICICI Bank Limited’s share price will average $25.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 45.15 percent from its previous closing price of $17.41. Analysts expect ICICI Bank Limited stock to reach the higher price of $28.69, while the lowest price estimate is $20.33. However, 42 analysts have rated IBN stock as a Buy in their predictions for 2022.