Published On: Wed, Oct 19th, 2016

Analyst Coverage: HDFC Bank Limited (NYSE:HDB)


Recently stock market analysts have updated their consensus ratings on shares of HDFC Bank Limited (NYSE:HDB).

Most recent broker ratings

09/14/2016 – HDFC Bank Limited had its “buy” rating reiterated by analysts at Goldman Sachs.

01/05/2016 – HDFC Bank Limited had its “overweight” rating reiterated by analysts at Morgan Stanley.

06/08/2015 – HDFC Bank Limited had its “buy” rating reiterated by analysts at Citigroup.

03/26/2015 – HDFC Bank Limited was downgraded to “sell” by analysts at Zacks. They now have a USD 65 price target on the stock.

03/11/2015 – Societe Generale began new coverage on HDFC Bank Limited giving the company a “buy” rating.

HDFC Bank Limited has a 50 day moving average of 72.25 and a 200 day moving average of 67.51. The stock’s market capitalization is 368.31B, it has a 52-week low of 51.11 and a 52-week high of 74.04.

The share price of the company (NYSE:HDB) was up +2.13%, with a high of 72.99during the day and the volume of HDFC Bank Limited shares traded was 567459.

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. The Treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income from para banking activities.