Bancolombia (CIB) Stock Forecast & Price Target

$32.79 +0.03 (+0.09%)

(As of 11/22/2024 ET)

Bancolombia - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Sell

Based on 4 Analyst Ratings

Sell
3

Hold
1

Buy
0

Based on 4 Wall Street analysts who have issued ratings for Bancolombia in the last 12 months, the stock has a consensus rating of "Strong Sell." Out of the 4 analysts, 3 have given a sell rating, and 1 has given a hold rating for CIB.

Consensus Price Target

$33.67
2.67% Upside

According to the 4 analysts' twelve-month price targets for Bancolombia, the average price target is $33.67. The highest price target for CIB is $35.00, while the lowest price target for CIB is $32.00. The average price target represents a forecasted upside of 2.67% from the current price of $32.79.

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CIB Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$33.67	$33.67	$33.32	$30.65
Forecasted Upside	2.67% Upside	5.41% Upside	1.28% Upside	10.97% Upside
Consensus Rating	Strong Sell	Strong Sell	Reduce	Hold

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CIB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CIB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bancolombia Stock vs. The Competition

Type	Bancolombia	Finance Companies	S&P 500
Consensus Rating Score	1.25	2.49	2.50
Consensus Rating	Strong Sell	Hold	Moderate Buy
Predicted Upside	2.67% Upside	10.24% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent CIB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Bank of America 4 of 5 stars		Downgrade	Neutral ➝ Underperform	$38.00 ➝ $34.00	+2.56%
8/20/2024	The Goldman Sachs Group 2 of 5 stars	T. Labarta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$34.00 ➝ $32.00	-7.97%
8/12/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$36.00 ➝ $35.00	+7.73%
1/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/16/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$28.60	+14.49%
8/30/2023	Itau BBA Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$33.00	+19.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:38 AM ET.

CIB Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Bancolombia is $33.67, with a high forecast of $35.00 and a low forecast of $32.00.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last twelve months. There are currently 3 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" CIB shares.
: According to analysts, Bancolombia's stock has a predicted upside of 2.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Bancolombia's stock had 1 downgrade by analysts.
: Bancolombia has been rated by research analysts at Bank of America in the past 90 days.
: Analysts like Bancolombia less than other "finance" companies. The consensus rating for Bancolombia is Strong Sell while the average consensus rating for "finance" companies is Hold. Learn more on how CIB compares to other companies.

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This page (NYSE:CIB) was last updated on 11/23/2024 by MarketBeat.com Staff

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Bancolombia (CIB) Stock Forecast & Price Target