Lufax (NYSE:LU – Get Free Report) had its price objective dropped by analysts at Bank of America from $5.22 to $2.75 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price target indicates a potential upside of 17.02% from the company’s previous close.
Lufax Trading Down 13.9 %
Shares of LU opened at $2.35 on Friday. The business’s 50-day moving average price is $2.68 and its 200-day moving average price is $3.30. Lufax has a twelve month low of $2.00 and a twelve month high of $5.52. The stock has a market cap of $1.35 billion, a PE ratio of -16.79, a P/E/G ratio of 0.36 and a beta of 0.83. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.07.
Lufax (NYSE:LU – Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.26). Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. The company had revenue of $822.36 million for the quarter. During the same quarter in the previous year, the company posted $0.24 EPS. On average, equities analysts forecast that Lufax will post 0.21 EPS for the current fiscal year.
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About Lufax
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.
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