Shares of Baozun Inc. (NASDAQ:BZUN) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.42.

BZUN has been the topic of several recent research reports. Bank of America increased their price objective on Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Vetr cut Baozun from a “strong-buy” rating to a “buy” rating and set a $32.75 price objective on the stock. in a research report on Wednesday, September 6th. Citigroup initiated coverage on Baozun in a research report on Thursday, August 31st. They set a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded Baozun from a “sell” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Deutsche Bank cut Baozun from a “buy” rating to a “hold” rating and increased their price objective for the stock from $25.00 to $30.00 in a research report on Wednesday, August 23rd.

Baozun (NASDAQ BZUN) opened at $31.67 on Friday. The firm has a market capitalization of $1,656.58, a price-to-earnings ratio of 82.43 and a beta of 4.43. Baozun has a 12-month low of $10.87 and a 12-month high of $40.65.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of Baozun during the 2nd quarter worth $435,000. Ariose Capital Management Ltd acquired a new stake in shares of Baozun during the 3rd quarter worth $30,886,000. Cadence Capital Management LLC acquired a new stake in shares of Baozun during the 2nd quarter worth $542,000. Pictet Asset Management Ltd. acquired a new stake in shares of Baozun during the 3rd quarter worth $2,547,000. Finally, Tairen Capital Ltd grew its holdings in shares of Baozun by 94.6% during the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 864,041 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Baozun Inc. (BZUN) Given Average Recommendation of “Buy” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/15/baozun-inc-bzun-given-average-recommendation-of-buy-by-brokerages.html.

Baozun Company Profile

Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.

Receive News & Ratings for Baozun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun and related companies with MarketBeat.com's FREE daily email newsletter.