Alert: Positive Investment/Fundamental Signals (11/20/23)-Banco De Chile (NYSE: BCH)


Banco De Chile (NYSE: BCH) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Banco De Chile (NYSE: BCH) has benefited from important positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BCH is expected to continue to be a major Value Builder.

Banco De Chile has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco De Chile has a slightly positive Appreciation Score of 67 and a slightly positive Power Rating of 68, triggering the Positive Value Trend Rating.

Recent Price Action

Banco De Chile (NYSE: BCH) stock rose modestly by 0.7% on 11/20/23. The stock closed at $21.72. The stock has risen 4.2% during the last week and has been strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.