In a report released yesterday, from CGS International maintained a Buy rating on Geely Automobile Holdings, with a price target of HK$26.00. The company’s shares closed yesterday at HK$16.31.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Geely Automobile Holdings with a HK$26.41 average price target.
Based on Geely Automobile Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$150.28 billion and a net profit of HK$9.29 billion. In comparison, last year the company earned a revenue of HK$107.31 billion and had a net profit of HK$10.6 billion
