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Guotai Haitong Remains a Buy on New Oriental Education & Technology Group (N1U0)

Tipranks - Sat Apr 25, 7:38PM CDT

In a report released on April 23, from Guotai Haitong maintained a Buy rating on New Oriental Education & Technology Group, with a price target of HK$52.26. The company’s shares closed last Thursday at HK$41.96.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Oriental Education & Technology Group with a €6.23 average price target.

Based on New Oriental Education & Technology Group’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of HK$1.24 billion and a net profit of HK$7.1 million. In comparison, last year the company earned a revenue of HK$1.14 billion and had a net profit of HK$26.97 million

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