Lufax Holding Ltd (NYSE:LU) received an average rating of “Buy” from the eight research firms that cover the stock, MarketBeat.com reports. Three analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average price target among brokerages that have covered the stock over the past year is $14.84.
A number of brokerages have weighed in on LU recently. Sanford C. Bernstein upgraded Lufax from an “underperforming” rating to a “market performing” rating and set a $6.00 price target for the stock in a Tuesday research note November 2. Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a Wednesday, January 26 research report.
Shares of LU opened at $6.65 on Friday. The stock’s 50-day simple moving average is $5.33 and its 200-day simple moving average is $6.64. The company has a debt ratio of 0.12, a quick ratio of 1.54 and a current ratio of 1.54. Lufax has a 12-month low of $4.19 and a 12-month high of $17.00. The company has a market capitalization of $16.37 billion, a price-earnings ratio of 6.39, a PEG ratio of 0.33 and a beta of 1.13.
Several large investors have recently changed their positions in LU. PNC Financial Services Group Inc. increased its holdings of Lufax shares by 463.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,612 shares of the company worth $39,000 after purchasing an additional 4,616 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Lufax during the 4th quarter at a value of approximately $42,000. Van ECK Associates Corp acquired a new stake in Lufax in Q3 worth $44,000. Sei Investments Co. acquired a new stake in Lufax in Q4 worth $58,000. Finally, the Royal Bank of Canada increased its stake in Lufax by 453.1% in the third quarter. Royal Bank of Canada now owns 13,661 shares of the company valued at $95,000 after buying 11,191 more shares last quarter. 24.30% of the shares are currently held by institutional investors.
Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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