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Bancolombia S.a. (CIB) [hlAlert]

Hold CIB

Bancolombia S.a. (CIB) downgraded to Hold by Standpoint Research

Posted on: Tuesday,  May 19, 2009  4:25 PM ET by Standpoint Research

Standpoint Research rated Hold Bancolombia S.a. (NYSE: CIB) on 05/19/2009. Previously Standpoint Research rated Buy Bancolombia
S.a. (NYSE: CIB) on 02/20/2009., when the stock price was $17.07. Since then, Bancolombia S.a. has gained 66.96% of its value until Standpoint Research rated CIB Accumulate on 05/19/2009, when the price was $28.50. .

BanColombia is Colombia's largest bank in terms of assets and also has the largest market participation in deposit products and loans.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/14/2015 12:25 PM Buy
36.27 48.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  66.95 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/8/2011 11:25 AM Hold
3/15/2011 12:25 PM Buy
58.19 70.00
5/19/2009 4:25 PM Hold
2/20/2009 8:25 AM Buy
17.07 44.00

(*) Stock Price at the time of the recommendation.
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