Barclays Cuts NetEase (NTES) Price Target to $260.00
NetEase (NASDAQ:NTES) had its target price dropped by analysts at Barclays from $275.00 to $260.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a “hold” rating on the technology company’s stock. Barclays’ target price would indicate a potential upside of 33.75% from the stock’s previous close.
A number of other research firms also recently commented on NTES. BidaskClub raised shares of NetEase from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. ValuEngine downgraded shares of NetEase from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Nomura lowered their price objective on shares of NetEase from $386.00 to $352.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Zacks Investment Research raised shares of NetEase from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Benchmark lowered their price objective on shares of NetEase from $355.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, May 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. NetEase presently has a consensus rating of “Hold” and a consensus price target of $324.46.
NASDAQ NTES opened at $194.39 on Thursday. The firm has a market capitalization of $27.79 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.83 and a beta of 0.83. NetEase has a 12 month low of $191.82 and a 12 month high of $377.64.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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