Citigroup downgraded shares of Lufax (NYSE:LU – Get Rating) from a buy rating to a neutral rating in a report issued on Monday, The Fly reports. They currently have $2.04 price target on the stock, down from their previous price target of $3.52.
A number of other research firms have also recently commented on LU. Daiwa Capital Markets cut shares of Lufax from a buy rating to a hold rating in a report on Friday, November 25th. HSBC cut shares of Lufax from a buy rating to a hold rating and set a $2.00 price target on the stock. in a report on Friday, November 25th. Credit Suisse Group cut shares of Lufax from a neutral rating to an underperform rating and lowered their price target for the stock from $1.70 to $1.40 in a report on Friday, November 25th. JPMorgan Chase & Co. lowered shares of Lufax from an overweight rating to an underweight rating and reduced their price objective for the company from $6.40 to $1.60 in a research note on Friday, November 25th. Finally, CLSA upgraded shares of Lufax from a sell rating to a buy rating in a research note on Monday, November 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $2.58.
Lufax Trading Up 1.1 %
NYSE:LU opened at $1.92 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.39 billion, a PE ratio of 2.43 and a beta of 0.57. The firm’s 50 day moving average is $2.53 and its 200 day moving average is $2.44. Lufax has a 12 month low of $1.26 and a 12 month high of $7.05.
Institutional Inflows and Outflows
Lufax Company Profile
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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