New Buy Rating for Laopu Gold Co. Ltd. Class H (6181), the Basic Materials Giant
In a report released on June 25, Qian Yao from J.P. Morgan maintained a Buy rating on Laopu Gold Co. Ltd. Class H (6181 – Research Report), with a price target of HK$1,249.00. The company's shares closed last Friday at HK$877.00.
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According to TipRanks, Yao is a 4-star analyst with an average return of 20.2% and a 58.54% success rate. Yao covers the Consumer Cyclical sector, focusing on stocks such as ANTA Sports Products, Chow Tai Fook Jewellery Group, and Shanghai Chicmax Cosmetics Co., Ltd. Class H.
Currently, the analyst consensus on Laopu Gold Co. Ltd. Class H is a Strong Buy with an average price target of HK$1,054.00, implying a 20.18% upside from current levels. In a report released on June 27, Nomura also maintained a Buy rating on the stock with a HK$1,023.00 price target.
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