Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Banco De Chile (NYSE: BCH) weakened in the last week. BCH’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Banco De Chile (NYSE: BCH) stock closed at $23.40 on 3/18/24 after a slight gain of 0.04%. NORMAL trading volume accompanied the advance. The stock has risen 0.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BCH is expected to continue to be a modest Value Builder.
Banco De Chile has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco De Chile has a neutral Appreciation Score of 59 and a slightly positive Power Rating of 65, resulting in the High Neutral Value Trend Rating.
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