International Bancshares Corp (NASDAQ: IBOC) stock closed at $72.52 on 11/6/24 after a major increase of 15.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 374% of normal. The stock has risen 16.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
IBOC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
International Bancshares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. International Bancshares has a good Appreciation Score of 76 and a good Power Rating of 78, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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