Banco Macro (NYSE:BMA) Change of Rating
Banco Macro (NYSE:BMA) was boosted by research analysts at Credit Suisse from Neutral rating to Outperform rating in analysts report revealed to clients on Tuesday morning.
Out of 8 brokers covering Banco Macro, 2 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $82 and the lowest is $67 according to Thomson/First Call. The 12-month mean target is $73.62, which means downside potential of 19.29% over the current price.
Banco Macro (NYSE:BMA) Profile
Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA. It has approximately two categories of customers, such as retail customers, including individuals and entrepreneurs and corporate customers, which include small, medium and large companies and major corporations.
Banco Macro (NYSE:BMA) traded up 0.02% on 13 June, hitting $91.22. A total of 28,925 shares of the company’s stock traded hands. This is down from average of 124,960 shares. Banco Macro has a 52 week low of $61.12 and a 52 week high of $97.86. The company has a market cap of $5.94B and a P/E ratio of 12.3.
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