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Singapore Airlines (SINGY) was upgraded to a Hold Rating at UOB Kay Hian
UOB Kay Hian analyst Roy Chen upgraded Singapore Airlines to a Hold yesterday and set a price target of S$6.16. The company’s shares closed yesterday at $10.21.
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According to TipRanks, Chen is a 4-star analyst with an average return of 13.0% and a 74.19% success rate. Chen covers the Industrials sector, focusing on stocks such as SIA Engineering Co, SIA – Singapore Airlines, and Singapore Airlines.
Singapore Airlines has an analyst consensus of Hold.
Based on Singapore Airlines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.02 billion and a net profit of $1.02 billion. In comparison, last year the company earned a revenue of $4.93 billion and had a net profit of $616.85 million
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