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Wuxi Biologics (Cayman) (WXIBF) Gets a Buy from UBS

Tipranks - Sat Mar 28, 1:04AM CDT

In a report released on March 25, from UBS maintained a Buy rating on Wuxi Biologics (Cayman), with a price target of HK$49.30. The company’s shares closed last Wednesday at HK$33.14.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wuxi Biologics (Cayman) with a HK$45.23 average price target, which is a 36.49% upside from current levels. In a report released yesterday, CMB International Securities also maintained a Buy rating on the stock with a HK$39.00 price target.

Based on Wuxi Biologics (Cayman)’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$9.95 billion and a net profit of HK$2.34 billion. In comparison, last year the company earned a revenue of HK$8.57 billion and had a net profit of HK$1.5 billion

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