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Shenwan Hongyuan Sticks to Their Buy Rating for New Oriental Education & Technology Group (N1U0)
In a report released yesterday, from Shenwan Hongyuan maintained a Buy rating on New Oriental Education & Technology Group, with a price target of HK$54.90.
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Currently, the analyst consensus on New Oriental Education & Technology Group is a Strong Buy with an average price target of €5.72.
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
Read More on DE:N1U0:
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- New Oriental Announces AGM Results and Director Re-election
- New Oriental Education Announces Dividend and Share Repurchase Program
- New Oriental Education price target raised to $60 from $54 at Goldman Sachs
- New Oriental Education price target raised to $68 from $60 at JPMorgan
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for New Oriental Education Tech
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