HDFC Bank Limited (HDB) Receives Analyst Rating

HDFC Bank Limited (HDB) has an average broker rating of 1.17, which is interpreted as a Strong Buy, as rated by 3 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

HDFC Bank Limited (HDB) : 2 investment research analysts covering HDFC Bank Limited (HDB) have an average price target of $76.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $82 and the lowest target is $72 for the short term. Analysts expect the variance to be within $6.93 of the average price.


HDFC Bank Limited (NYSE:HDB): After opening at $70.37, the stock dipped to an intraday low of $70.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $71.38 and the buying power remained strong till the end. The stock closed at $71.17 for the day, a gain of 0.74% for the day session. The total traded volume was 516,654. The stocks close on the previous trading day was $70.65.

HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Banks investment portfolio, money market borrowing and lending, gains or losses on investment operations. The retail banking segment serves retail customers through a branch network and other delivery channels. The wholesale banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, Government bodies, financial institutions and medium scale enterprises. Other banking business segment includes income from para banking activities, such as credit cards, debit cards, third-party product distribution, primary dealership business and the associated costs.

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