IBN - Shares of ICICI Bank Limited (IBN) Rise to a New 52-Week High
Shares of ICICI Bank Limited (NYSE:IBN) traded today at $22.14, eclipsing its 52-week high. This new high was reached on above average trading volume as 7.3 million shares traded hands, while the average 30-day volume is approximately 4.6 million shares.
ICICI Bank Limited share prices have moved between a 52-week high of $22.14 and a 52-week low of $10.47 and are now trading 110% above that low price at $21.99 per share.
ICICI Bank Limited (NYSE:IBN) is currently priced 15.3% above its average consensus analyst price target of $18.61.
ICICI Bank Ltd provides banking services. The company's operating segment include Retail Banking; Wholesale Banking; Treasury and Other Banking Business. It generates maximum revenue from the Retail Banking segment. Retail Banking segment includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Treasury segment includes the entire investment and derivative portfolio of the Bank. Wholesale Banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies.
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