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HSBC Remains a Hold on COSCO SHIPPING Holdings Co (CICOF)

Tipranks - Tipranks - Thu Mar 26, 7:58PM CDT

HSBC analyst Parash Jain maintained a Hold rating on COSCO SHIPPING Holdings Co on March 23 and set a price target of HK$15.30. The company’s shares closed yesterday at HK$15.08.

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According to TipRanks, Jain is a 4-star analyst with an average return of 9.2% and a 51.75% success rate. Jain covers the Industrials sector, focusing on stocks such as FedEx, United Parcel, and Kuehne + Nagel International AG.

The word on The Street in general, suggests a Hold analyst consensus rating for COSCO SHIPPING Holdings Co with a HK$14.79 average price target, which is a -1.89% downside from current levels. In a report released on March 23, DBS also maintained a Hold rating on the stock with a HK$14.20 price target.

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CICOF market cap is currently HK$262.9B and has a P/E ratio of 6.39.

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