J.P. Morgan Sticks to Their Hold Rating for Tongcheng Travel Holdings Limited (0780)

In a report released yesterday, from J.P. Morgan maintained a Hold rating on Tongcheng Travel Holdings Limited, with a price target of HK$17.50. 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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Currently, the analyst consensus on Tongcheng Travel Holdings Limited is a Strong Buy with an average price target of HK$24.24.

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