Qiwi PLC Given New $48.50 Price Target at Renaissance Capital (QIWI)
Stock analysts at Renaissance Capital lifted their target price on shares of Qiwi PLC (NASDAQ:QIWI) from $35.60 to $48.50 in a report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Renaissance Capital’s price objective would indicate a potential upside of 25.16% from the company’s current price.
A number of other firms have also recently commented on QIWI. Analysts at Zacks reiterated a “buy” rating on shares of Qiwi PLC in a research note to investors on Tuesday, October 8th. They now have a $35.50 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Qiwi PLC from $36.00 to $46.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Qiwi PLC in a research note to investors on Monday, September 30th. They set an “equal weight” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.00.
Qiwi PLC (NASDAQ:QIWI) remained flat at $38.75 during trading on Monday. 150,839 shares of the company’s stock traded hands. Qiwi PLC has a 52 week low of $14.51 and a 52 week high of $41.74. The stock’s 50-day moving average is $33.72 and its 200-day moving average is $26.35. The company has a market cap of $2.019 billion and a price-to-earnings ratio of 41.18.
Qiwi PLC (NASDAQ:QIWI) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.10. The company had revenue of $47.70 million for the quarter, compared to the consensus estimate of $39.33 million. The company’s quarterly revenue was up 61.8% on a year-over-year basis. Analysts expect that Qiwi PLC will post $1.14 EPS for the current fiscal year.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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