Analysts Offer Insights on Financial Companies: Banco De Chile (NYSE: BCH) and Progressive (NYSE: PGR)

By Carrie Williams

Analysts fell to the sidelines weighing in on Banco De Chile (NYSE: BCH) and Progressive (NYSE: PGR) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Banco De Chile (NYSE: BCH)

Credit Suisse analyst Marcelo Telles maintained a Hold rating on Banco De Chile (NYSE: BCH) on December 19 and set a price target of $101. The company’s shares closed yesterday at $93.64, close to its 52-week high of $97.51.

According to TipRanks.com, Telles is a 3-star analyst with an average return of 9.2% and a 60.9% success rate. Telles covers the Financial sector, focusing on stocks such as Banco Santander Brasil, Santander Mexico Fincl, and Banco Santander Chile.

Banco De Chile has an analyst consensus of Hold, with a price target consensus of $101.

Progressive (NYSE: PGR)

In a report issued on December 19, Ryan Tunis from Credit Suisse maintained a Hold rating on Progressive (NYSE: PGR), with a price target of $57. The company’s shares closed yesterday at $56.09, close to its 52-week high of $57.18.

According to TipRanks.com, Tunis is ranked #3980 out of 4723 analysts.

Currently, the analyst consensus on Progressive is Moderate Buy and the average price target is $54.33, representing a -3.1% downside.

In a report issued on December 13, Wells Fargo also assigned a Hold rating to the stock with a $55 price target.

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