Alibaba Group (BABA) Coverage Initiated at Susquehanna Bancshares
Investment analysts at Susquehanna Bancshares initiated coverage on shares of Alibaba Group (NYSE:BABA) in a report released on Wednesday, MarketBeat.com reports. The firm set a “positive” rating and a $220.00 price target on the specialty retailer’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 30.21% from the stock’s current price.
BABA has been the subject of a number of other research reports. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Monday, October 16th. Needham & Company LLC lifted their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alibaba Group in a report on Friday, August 25th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective for the company. in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $185.14.
Alibaba Group (NYSE BABA) traded down $0.62 during trading on Wednesday, reaching $168.96. 31,604,699 shares of the company’s stock were exchanged, compared to its average volume of 15,261,055. The firm has a market capitalization of $434,256.47, a P/E ratio of 49.29, a PEG ratio of 1.28 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group has a 1 year low of $86.01 and a 1 year high of $191.75.
ILLEGAL ACTIVITY WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/06/alibaba-group-baba-coverage-initiated-at-susquehanna-bancshares.html.
Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.