BanColombia SA – Consensus indicates a potential decline of -2.2%

BanColombia SA with ticker code (CIB) now have 10 analysts covering the stock. Analyst consensus points to a ‘Hold’ rating. The range between the target price high and the target price low is between 40.7 and 23.66 calculating the average target price we see 33.44. Now, with the previous closing price of 34.18, this indicates that there is downside potential of -2.2%. The 50-day moving average now sits at 39.16 and the 200-day moving average is at 36.14. The company has a market cap of $8,318 million. You can visit the company’s website by visiting: https://www.grupobancolombia.com

The potential market capitalization would be $8,138 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Bancolombia SA provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica and Guatemala. The Company operates through nine segments: Bank Colombia, Bank Panama, Bank El Salvador, Bank Guatemala, Trust, Investment Bank, Brokerage, International Bank and All Others. It offers checking and savings accounts, term deposits and investment products; trade finance, loans financed by national development banks, working capital loans, credit cards, personal and car loans, payday loans and overdrafts; financial support for real estate developers and mortgage loans for individuals and businesses; factoring; and financial and operating leasing services. The Company also provides hedging instruments, including futures, futures, options and swaps; and brokerage, investment advisory and private banking services, including the sale and distribution of stocks, futures, foreign currencies, fixed income securities, mutual funds and structured products . In addition, it offers cash management services; foreign currency transaction services; life, auto, business and home insurance products; and online banking and computer services. In addition, the company provides project and acquisition finance, debt and equity capital markets, principal investments, mergers and acquisitions, hedging strategies, restructurings and structured finance; money market accounts, mutual funds and pension funds, private equity funds, payment and corporate trust, and custody; Internet trading platform; interbank loan and repurchase agreements; the management of escrow accounts and investment and real estate funds; and transportation, securities brokerage, maintenance and renovation, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAM; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia SA was incorporated in 1945 and is headquartered in Medellín, Colombia.

About Matthew Berkey

Check Also

Jamaica and Barbados to benefit from electric mobility initiative | Caribbean

SHARM EL SHEIKH, Egypt, CMC – Jamaica and Barbados will benefit from the first regional …