Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.07 on BanColombia S.A. (NYSE:CIB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.24 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of BanColombia S.A. (NYSE:CIB) stands at 10.96. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For BanColombia S.A. Common Stock, the PEG ratio for coming 3-5 years is 5.77. Technical Analysis The technical analysis highlights that BanColombia S.A. Common Stock current price is trading $-0.30 points away -0.86% from $34.68, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $31.81 and, for now, the stock price is trading $2.57 or +8.08% away from that point. The 52-week high of BanColombia S.A. (NYSE:CIB) was $43.51 while lowest point recorded in 52-week was $23.69. It implies if stock price makes a movement of over $-9.13, it will record a new 52-week high. In the case of $+45.12% points drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know