In a report released yesterday, from BOCOM International Holdings Company maintained a Buy rating on Li Ning Company, with a price target of HK$18.50. The company’s shares closed last Tuesday at HK$14.80.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Li Ning Company with a HK$21.56 average price target, implying a 45.68% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$18.50 price target.
Based on Li Ning Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$14.78 billion and a net profit of HK$1.2 billion. In comparison, last year the company earned a revenue of HK$14.33 billion and had a net profit of HK$1.06 billion
