Shares of Banco de Chile (NYSE:BCH) have received an average broker rating score of 2.00 (Buy) from the six brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.

Analysts have set a one year consensus price target of $70.50 for the company and are anticipating that the company will post $1.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Banco de Chile an industry rank of 224 out of 265 based on the ratings given to its competitors.

An institutional investor recently raised its position in Banco de Chile stock. Capstone Asset Management Company raised its stake in shares of Banco de Chile (NYSE:BCH) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund owned 24,190 shares of the company’s stock after buying an additional 498 shares during the period. Capstone Asset Management Company’s holdings in Banco de Chile were worth $1,437,000 as of its most recent SEC filing.

Several analysts have issued reports on BCH shares. Zacks Investment Research raised shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, October 29th. TheStreet lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research report on Friday, November 6th. Barclays dropped their price objective on shares of Banco de Chile from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 3rd. Finally, Deutsche Bank reissued a “hold” rating and issued a $80.00 price objective (down from $87.00) on shares of Banco de Chile in a research report on Thursday, December 3rd.

Banco de Chile (NYSE:BCH) opened at 59.13 on Monday. The company has a market capitalization of $9.47 billion and a P/E ratio of 12.32. Banco de Chile has a one year low of $56.21 and a one year high of $71.95. The company’s 50-day moving average is $58.52 and its 200 day moving average is $61.85.

Banco de Chile is a commercial bank. The Company provides financial services to all customer types. The Company offers a range of banking services to its customers, ranging from individuals to large corporations. The services are managed in large corporate banking, middle and small corporate banking, personal banking services and retail. Additionally, the Bank offers international, as well as treasury banking services. The Bank operates in four business segments: Retail, Wholesale, Treasury and money market operations, and Subsidiaries. The Bank’s subsidiaries provide other services, including securities brokerage, mutual fund and investment management, insurance brokerage, financial advisory and securitization. The Bank features a range of financial products and services, including consumer loans, credit cards, mortgage loans, microenterprise loans, sight deposit accounts, life and general insurance, payroll deposit services and savings accounts.

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