Whether You Like Or Hate ICICI Bank Limited (IBN) And Dollar General Corporation (DG) Are Cheap

Fundamentally, ICICI Bank Limited (NYSE:IBN) looks appealing. Its stock trades at 5.42 times the company’s sales over the past 12 months. The broad Money Center Banks industry boasts an average P/S ratio of 7.48, which is significantly better than the sector’s 10.48. In the past 13-year record, this ratio went down as low as 3.93 and as high as 55.01. Also, it is down from 0.9999 of the total 1373 rivals across the globe.

IBN traded at an unexpectedly low level on 11/08/2018 when the stock experienced a -1.03% loss to a closing price of $9.64. The company saw 4.62 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 7.95 million shares a day, this signifies a pretty significant change over the norm.

ICICI Bank Limited (IBN) Analyst Gushes

Analysts are speculating a 29.88% move, based on the high target price ($12.52) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $10.79 price target, but the stock is already up 26.68% from its recent lows. However, the stock is trading at -14.39% versus recent highs ($11.26). Analysts believe that we could see stock price minimum in the $9.4 range (lowest target price), allowing for another -2.49% drop from its current position. Leading up to this report, we have seen a 14.9% rise in the stock price over the last 30 days and a 1.37% increase over the past 3 months. Overall, the share price is down -0.92% so far this year. Additionally, IBN had a day price range of $9.605 to $9.72.

ICICI Bank Limited (IBN) Price Potential

Heading into the stock price potential, ICICI Bank Limited needs to grow just 11.1% to cross its median price target of $10.71. In order to determine directional movement, the 50-day and 200-day moving averages for ICICI Bank Limited (NYSE:IBN) are $8.79 and $8.74. Given that liquidity is king in short-term, IBN is a stock with 3.23 billion shares outstanding that normally trades 0.47% of its float. The stock price recently experienced a 5-day loss of -1.03% with 0.23 average true range (ATR). IBN has a beta of 1.47 and RSI is 62.68.

Investors also need to beware of the Dollar General Corporation (NYSE:DG) valuations. The stock trades on a P/S of 0.96, which suggests that the shares are attractive compared with peers. The broad Discount, Variety Stores industry has an average P/S ratio of 1.19, which is significantly better than the sector’s 1.95. In the past 13-year record, this ratio went down as low as 0.6 and as high as 1.31. Also, it is down from 0.74 of the total 367 rivals across the globe.

Dollar General Corporation (DG)’s Lead Over its Technicals

Dollar General Corporation by far traveled 46.89% versus a 1-year low price of $80.01. The share price was last seen 1.37% higher, reaching at $117.53 on Nov. 08, 2018. At recent session, the prices were hovering between $65.57 and $66.74. This company shares are -1% up from its target price of $116.36 and the current market capitalization stands at $31.5B. The recent change has given its price a 7.75% lead over SMA 50 and 1.05% lead over its 52-week high. The stock witnessed 11.32% gains, 14.85% gains and 25.54% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DG’s volatility during a week at 2.24% and during a month it has been found around 2.55%.

Dollar General Corporation (NYSE:DG) Intraday Metrics

Dollar General Corporation (DG) exchanged hands at an unexpectedly low level of 2.22 million shares over the course of the day. Noting its average daily volume at 2.34 million shares each day over the month, this signifies a pretty significant change over the norm.

Dollar General Corporation Target Levels

The market experts are predicting a 13.16% rally, based on the high target price ($133) for Dollar General Corporation shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $90 range (lowest target price). If faced, it would be a -23.42% drop from its current position. Overall, the share price is up 26.36% year to date.