The average 12-month price target analysts expect from ICICI Bank Limited (NYSE:IBN) is $10.81. This mean price target represents 10.99% upside over its previous closing price. The stock enjoyed an overall uptrend of 0.1% from the beginning of 2018. The closing share price quoted for November 07, 2018 was $9.74. The 1.35% rally might have been tempting for an investor to buy at this point and in fact that would prove a good idea, as sell-side analysts think there is almost 28.54% more gain yet to come for shareholders. Analysts seemed to set $12.52 as highest price target on its way to greater gains. The median price target they presented was $10.9 for the next 12-months, which suggests a 11.91% upside from current levels. Some analysts have a lowest price target on the stock of $9.4, which would mean a -3.49% gain in value.
A fresh roundup today notes that IBN stock has added around 3.84% of its value in the past 12 months, suggesting more investors have expressed joy over about in that time period. If we turn to the Street in general, the positives still outweigh the negatives as we can see that ICICI Bank Limited (IBN), have a buy (2) analyst consensus rating. In the current time, the stock has 1 buy and 0 hold ratings. The stock registered its 52-week high of $11.26 on January 23 and its 52-week low of $7.61 on July 16. Currently, the shares are trading $0.69 above its YTD moving average of $9.05.
To help you decide whether it’s worth the wait (and the money), ICICI Bank Limited (NYSE:IBN) is currently trading at 36.89X the company’s trailing-12-month earnings per share, which represents a premium compared to the sector’s 17.76X and comes in above its industry’s 17.29X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $0.26. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Wednesday, November 07 of 2018 shows that the price on average moves $0.24. The average daily volatility is 1.72% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent ICICI Bank Limited (IBN) volume, you will see that it has changed to 7.53 million shares versus the average daily volume of 7.9 million shares.
When you look at the daily chart for IBN, you will observe the stock held 7.27% gains in the 6-month period and maintains 27.99% distance from its most recent low. The past 5-day performance for the share stays positive at 2.63% but up 9.2% from its three-week moving average. Comparing to 50-day SMA, ICICI Bank Limited shares price is now up 9.37%. It also closed 8.72% higher from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Wednesday with a 1-month performance at 18.78%.