China Southern Airli Price Target Cut to $44.00 (ZNH)
Equities research analysts at Barclays Capital reduced their target price on shares of China Southern Airli (NYSE:ZNH) from $49.00 to $44.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target points to a potential upside of 139.39% from the stock’s previous close.
China Southern Airli (NYSE:ZNH) traded up 0.88% on Friday, hitting $18.38. The stock had a trading volume of 26,298 shares. China Southern Airli has a one year low of $17.09 and a one year high of $30.04. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $22.14. The company has a market cap of $3.609 billion and a price-to-earnings ratio of 8.89.
Several other analysts have also recently commented on the stock. Analysts at ISI Group cut their price target on shares of China Southern Airli (NYSE:ZNH) from $45.00 to $43.50 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG upgraded shares of China Southern Airli (NYSE:ZNH) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. Finally, analysts at Macquarie cut their price target on shares of China Southern Airli (NYSE:ZNH) from $47.00 to $45.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. China Southern Airli has an average rating of “Hold” and an average price target of $45.94.
China Southern Airlines Company Limited, incorporated on March 25, 1995, provides commercial airline services throughout China, Hong Kong, Macau and Taiwan regions, Southeast Asia and other parts of the world.
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