In a report released on August 28, Manyi Lu from DBS reiterated a Buy rating on China CITIC Bank, with a price target of HK$9.10. The company’s shares closed last Thursday at HK$8.32.
Lu covers the Financial sector, focusing on stocks such as HSBC Holdings, Futu Holdings, and Up Fintech Holding. According to TipRanks, Lu has an average return of 20.2% and an 80.83% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for China CITIC Bank with a HK$9.49 average price target.
The company has a one-year high of HK$8.60 and a one-year low of HK$6.50. Currently, China CITIC Bank has an average volume of 24.82M.
