Meituan (OTCMKTS:MPNGF) Upgraded by Macquarie to Outperform

Meituan (OTCMKTS:MPNGFGet Rating) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. raised Meituan from an “underweight” rating to an “overweight” rating in a research note on Monday, May 16th. Barclays cut their target price on Meituan from $29.00 to $18.00 and set an “underweight” rating for the company in a research note on Monday, March 28th.

Shares of MPNGF opened at $24.70 on Friday. The stock has a 50 day simple moving average of $20.14 and a two-hundred day simple moving average of $24.68. Meituan has a 1 year low of $13.33 and a 1 year high of $43.00.

Meituan Company Profile (Get Rating)

Meituan operates an e-commerce platform for various services. It operates through Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others segments. The Food delivery segment provides consumers place orders of food prepared by merchants. The In-store, Hotel & Travel segment offers consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels and attractions.

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