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Contemporary Amperex Technology Co., Limited Class H (3750) Gets a Buy from Jefferies

Tipranks - Tipranks - Thu Mar 12, 7:46AM CDT

In a report released yesterday, Johnson Wan from Jefferies maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H, with a price target of HK$689.00. The company’s shares closed today at HK$550.00.

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According to TipRanks, Wan is ranked #1280 out of 12079 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$644.68 average price target, representing a 17.21% upside. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a HK$640.00 price target.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$104.15 billion and a net profit of HK$18.54 billion. In comparison, last year the company earned a revenue of HK$92.28 billion and had a net profit of HK$13.14 billion

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