UBS Reaffirms Their Buy Rating on Contemporary Amperex Technology Co., Limited Class H (3750)

In a report released yesterday, David Lesne from UBS reiterated a Buy rating on Contemporary Amperex Technology Co., Limited Class H, with a price target of HK$820.00. The company’s shares closed today at HK$675.50.

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According to TipRanks, Lesne is ranked #3539 out of 12158 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Contemporary Amperex Technology Co., Limited Class H with a HK$736.68 average price target, a 9.06% upside from current levels. In a report released on April 20, DBS also maintained a Buy rating on the stock with a HK$925.00 price target.

Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$129.13 billion and a net profit of HK$20.74 billion. In comparison, last year the company earned a revenue of HK$84.7 billion and had a net profit of HK$13.96 billion