Macquarie Sticks to Its Buy Rating for Trip.com Group Ltd. (9961)
Macquarie analyst maintained a Buy rating on Trip.com Group Ltd. on November 25 and set a price target of HK$631.80. The company’s shares closed yesterday at HK$546.50.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trip.com Group Ltd. with a HK$671.31 average price target, a 22.84% upside from current levels. In a report released on November 19, DBS also maintained a Buy rating on the stock with a HK$684.00 price target.
Based on Trip.com Group Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$18.34 billion and a net profit of HK$19.89 billion. In comparison, last year the company earned a revenue of HK$15.87 billion and had a net profit of HK$6.77 billion
Read More on HK:9961:
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- Trip.com Group Ltd. Buy Rating: Strong Financial Performance and Growth Prospects Amid Travel Demand Recovery
- Trip.com price target raised to $85 from $83 at BofA
- Trip.com Group’s Strong Q3 Performance and Strategic Expansion Justify Buy Rating
- Trip.com Group: Strong Financial Performance and Promising Growth Drive Buy Rating
- Trip.com price target raised to $86 from $85 at Citi
