Trade Report: Today, Bancolombia SA (CIB) Receives $40.63 Consensus PT from Analysts

Today, Bancolombia SA (CIB) Receives $40.63 Consensus PT from Analysts

Bancolombia SA (NYSE:CIB) has earned an average rating of “Hold” from the seven research firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.17.

A number of equities research analysts have recently weighed in on CIB shares. Zacks Investment Research upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, October 11th. Deutsche Bank AG upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Monday, August 22nd. Finally, Credit Suisse Group AG downgraded Bancolombia SA from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $38.00 to $40.00 in a research report on Thursday, October 6th.

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Bancolombia SA during the second quarter worth approximately $19,335,000. UBS Asset Management Americas Inc. boosted its position in Bancolombia SA by 20.1% in the first quarter. UBS Asset Management Americas Inc. now owns 95,545 shares of the company’s stock worth $3,266,000 after buying an additional 16,000 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Bancolombia SA by 3.3% in the second quarter. Ameriprise Financial Inc. now owns 200,831 shares of the company’s stock worth $7,015,000 after buying an additional 6,358 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Bancolombia SA by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 667,584 shares of the company’s stock worth $23,312,000 after buying an additional 35,184 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Bancolombia SA by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 67,680 shares of the company’s stock worth $2,364,000 after buying an additional 4,640 shares during the last quarter. 12.39% of the stock is owned by institutional investors and hedge funds.

Shares of Bancolombia SA (NYSE:CIB) opened at 33.14 on Tuesday. The stock has a market cap of $7.97 billion, a PE ratio of 9.89 and a beta of 0.58. Bancolombia SA has a one year low of $23.69 and a one year high of $42.58. The stock’s 50 day moving average price is $37.17 and its 200-day moving average price is $36.48.

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