CICC analyst maintained a Buy rating on Tongcheng Travel Holdings Limited yesterday and set a price target of HK$22.00. The company’s shares closed yesterday at HK$14.89.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tongcheng Travel Holdings Limited with a HK$24.80 average price target, implying a 66.55% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$24.50 price target.
Based on Tongcheng Travel Holdings Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$4.67 billion and a net profit of HK$641.81 million. In comparison, last year the company earned a revenue of HK$4.25 billion and had a net profit of HK$433.69 million
