HDFC Bank (HDB) Upgraded by Zacks Investment Research to Buy
HDFC Bank (NYSE:HDB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm presently has a $113.00 target price on the bank’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.47% from the stock’s current price.
According to Zacks, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People. “
HDFC Bank (NYSE:HDB) opened at $100.47 on Tuesday. The firm has a market capitalization of $76,110.00, a P/E ratio of 81.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.84. HDFC Bank has a one year low of $60.36 and a one year high of $102.77.
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About HDFC Bank
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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