Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Banco De Chile (NYSE: BCH) weakened in recent days. 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 declined slightly by -0.2% on 11/29/24. The stock closed at $22.80. However, trading volume in this decline was exceptionally low at 34% of normal. The stock has performed in line with the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
Banco De Chile has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco De Chile has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 62, and the High Neutral Value Trend Rating results.
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