Key Considerations Before Investing in IBN Stock

By Scott Lee • Sunday, October 13 10:10 • Permanent Link

ICICI Bank logged a -1.7% change during today's morning session, and is now trading at a price of $28.7 per share. The S&P 500 index moved 1.0%. IBN's trading volume is 3,770,497 compared to the stock's average volume of 5,599,260.

ICICI Bank trades -17.29% away from its average analyst target price of $34.7 per share. The 4 analysts following the stock have set target prices ranging from $34.0 to $35.0, and on average have given ICICI Bank a rating of buy.

Anyone interested in buying IBN should be aware of the facts below:

ICICI Bank has moved 25.5% over the last year, and the S&P 500 logged a change of 33.0%
Based on its trailing earnings per share of 1.51, ICICI Bank has a trailing 12 month Price to Earnings (P/E) ratio of 19.0 while the S&P 500 average is None
IBN has a forward P/E ratio of 17.5 based on its forward 12 month price to earnings (EPS) of $1.64 per share
The company has a price to earnings growth (PEG) ratio of 0.93 — a number near or below 1 signifying that ICICI Bank is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 0.07 compared to its sector average of None
ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.
Based in Mumbai, the company has 187,765 full time employees and a market cap of $102.66 Billion.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.