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Citic Securities Sticks to Their Buy Rating for Contemporary Amperex Technology Co., Limited Class H (3750)

Tipranks - Tipranks - Fri Mar 13, 7:30PM CDT

Citic Securities analyst maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H on March 11 and set a price target of HK$734.00. The company’s shares closed yesterday at HK$599.50.

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Contemporary Amperex Technology Co., Limited Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$653.07, which is an 8.94% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a HK$689.00 price target.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$140.63 billion and a net profit of HK$23.17 billion. In comparison, last year the company earned a revenue of HK$102.97 billion and had a net profit of HK$14.74 billion

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