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CMOC Group (CMCLF): New Buy Recommendation for This Basic Materials Giant

Tipranks - Sat Apr 18, 1:28AM CDT

In a report released yesterday, from First Shanghai Securities maintained a Buy rating on CMOC Group, with a price target of HK$25.74. The company’s shares closed yesterday at HK$19.61.

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Currently, the analyst consensus on CMOC Group is a Strong Buy with an average price target of HK$24.09, a 22.87% upside from current levels. In a report released on April 3, Jefferies also maintained a Buy rating on the stock with a HK$25.00 price target.

CMCLF market cap is currently HK$476.7B and has a P/E ratio of 18.57.

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