Stock analysts at Credit Suisse Group initiated coverage on shares of PPDAI Group (NYSE:PPDF) in a research note issued on Wednesday. The firm set an “outperform” rating and a $12.00 price target on the stock. Credit Suisse Group’s price target indicates a potential upside of 53.85% from the stock’s current price.

Separately, Citigroup assumed coverage on PPDAI Group in a research note on Wednesday. They issued a “buy” rating for the company.

PPDAI Group (PPDF) traded down $0.54 during trading hours on Wednesday, reaching $7.80. The company’s stock had a trading volume of 916,400 shares, compared to its average volume of 1,496,387. PPDAI Group has a twelve month low of $7.76 and a twelve month high of $14.63.

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PPDAI Group Company Profile

PPDAI Group Inc is an online consumer finance marketplace company in China. The Company is focused on delivering accessible and convenient financial services to borrowers and investors. The Company’s products and services include Loan services offered to borrowers, and Investment services offered to investors.

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