06-05-2025
CNOOC Limited (NC2B) Receives a Buy from DBS
In a report released today, Pei Hwa Ho from DBS reiterated a Buy rating on CNOOC Limited (NC2B – Research Report), with a price target of HK$20.50. The company's shares closed last Friday at €2.18.
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Hwa Ho covers the Industrials sector, focusing on stocks such as Yangzijiang Shipbuilding (Holdings), Sembcorp Industries, and Seatrium Limited. According to TipRanks, Hwa Ho has an average return of 9.7% and a 53.68% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CNOOC Limited with a €2.23 average price target, implying a 2.29% upside from current levels. In a report released on April 24, Bernstein also maintained a Buy rating on the stock with a HK$21.50 price target.
