ICICI Bank Limited (NYSE:IBN) saw a downside of -1.06% to close Monday at $18.74 after subtracting -$0.2 on the day. The 5-day average trading volume is 4,719,060 shares of the company’s common stock. It has gained $19.54 in the past week. An average of 4,370,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,030,282.
IBN’s 1-month performance is -5.11% or -$1.05 on its low of $18.62 reached on 10/04/21. The company’s shares have touched a 52-week low of $10.05 and high of $19.96, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, IBN has achieved 26.11% or $3.88. However, the current price is down -6.11%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 68.72 and a low of 4.281. IBN stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.34 while the price-to-book (PB) in the most recent quarter is 2.96.
ICICI Bank Limited pays an annual dividend of $0.05 per share. Its dividend yield is 0.27% and the payout ratio is 0.00%. IBN’s most recent quarterly dividend payment was made on Sep. 1, when it paid $0.0537 a share compared with prior rate of $0.0770, down -43.39% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.0233 reported on Wednesday July 28 2021.
It is projected that ICICI Bank Limited’s next ex-dividend date will be on 11-Aug. IBN is expected to distribute $0.044 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.84, while the total debt to equity was 0.84 while for the period ending June 29; ICICI Bank Limited’s operating margin was 47.30%. The firm’s gross profit as reported stood at $6.28 billion against revenue of $12.04 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected IBN to announce $0.2 per share in earnings in its latest quarter, but it posted $0.18, representing a -10.00% surprise. IBN stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.37 trillion
Let’s look briefly at ICICI Bank Limited (IBN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 38.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.37%.
The stock’s 5-day moving average is $18.95, reflecting a -5.59% or -$1.11 change from its current price. IBN is currently trading -5.31% above its 20-day SMA, +17.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.46% and +32.25% respectively.
Stochastic %K and %D was 8.87% and 10.61% and the average true range (ATR) pointed at 0.34. The RSI (14) points at 42.48%, while the 14-day stochastic is at 8.96% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.36 and -0.46 on the 14-day charts.
In the most recent analyst report for ICICI Bank Limited (NYSE: IBN), Bernstein upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for IBN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate IBN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 38 have offered a “buy” rating.
What is IBN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.46 and a high of $27.21, with their median price target at $21.42. Looking at these predictions, the average price target given by analysts is for ICICI Bank Limited (IBN) stock is $21.75.