NetEase (NTES) Price Target Cut to $255.00 by Analysts at Barclays
NetEase (NASDAQ:NTES) had its price target dropped by investment analysts at Barclays to $255.00 in a research note issued on Friday. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays’ price objective suggests a potential upside of 3.59% from the stock’s previous close.
A number of other brokerages have also recently weighed in on NTES. Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a report on Saturday, March 31st. Goldman Sachs reissued a “buy” rating and set a $432.00 price objective (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Vetr raised NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price objective on the stock in a report on Tuesday, January 30th. Deutsche Bank set a $347.00 price objective on NetEase and gave the company a “buy” rating in a report on Thursday, April 5th. Finally, BidaskClub cut NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $329.40.
Shares of NASDAQ NTES opened at $246.16 on Friday. The stock has a market cap of $34.93 billion, a P/E ratio of 19.84, a PEG ratio of 1.69 and a beta of 0.89. NetEase has a 1-year low of $264.17 and a 1-year high of $269.29.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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