BanColombia SA – Consensus indicates potential increase of 10.4%


BanColombia SA with ticker code (CIB) now have 10 total analysts covering the stock. The consensus rating is “Hold”. The range between the high target price and the low target price is between 40 and 26 and has an average target of 32.55. Now, with the previous closing price of 29.48, this indicates that there is upside potential of 10.4%. The 50-day moving average is 31.47 and the 200-day MA is 34.25. The company has a market capitalization of $ 7,084 million. Visit the company’s website at: http://www.grupobancolombia.com

Bancolombia SA provides various banking products and services to individuals and businesses 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 auto loans, payday loans and overdrafts; financial support for real estate developers and mortgage loans for individuals and businesses; and financial and operational 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, currencies, fixed income, mutual funds and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial and home insurance products; and online and computer banking services. In addition, the company provides investment banking services including project and acquisition finance, debt and equity markets, major investments, mergers and acquisitions, restructurings and structured finance; money market accounts, mutual and retirement funds, private equity funds, payment trust, deposit and business trust; and digital banking platform, transportation, securities brokerage, maintenance and remodeling, advertising and marketing, outsourcing services, as well as credit cards. As of December 31, 2020, it operated 1,057 branches; 18,631 bank correspondents; 535 PAM; 215 kiosks in El Salvador and 137 in Colombia; and 6,124 ATMs. Bancolombia SA was incorporated in 1945 and is headquartered in Medellín, Colombia.

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