In a report released on August 28, from Zhongtai Securities maintained a Buy rating on Guoquan Food (Shanghai) Company., Ltd. Class H, with a price target of HK$2.70. The company’s shares closed last Friday at HK$1.73.
Currently, the analyst consensus on Guoquan Food (Shanghai) Company., Ltd. Class H is a Strong Buy with an average price target of HK$2.91, a 68.70% upside from current levels. In a report released on August 20, CMB International Securities also maintained a Buy rating on the stock with a HK$3.07 price target.
Based on Guoquan Food (Shanghai) Company., Ltd. Class H’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$4.57 billion and a net profit of HK$249.55 million. In comparison, last year the company earned a revenue of HK$3.8 billion and had a net profit of HK$144.57 million
