MINISO Group (NYSE:MNSO - Get Free Report) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating in a report released on Wednesday, February 26th,Zacks.com reports.
Separately, HSBC began coverage on MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.70.
View Our Latest Stock Report on MINISO Group
MINISO Group Stock Down 0.7 %
MNSO traded down $0.15 during trading on Wednesday, hitting $20.14. 879,946 shares of the company's stock were exchanged, compared to its average volume of 1,101,520. The stock has a market cap of $6.29 billion, a P/E ratio of 18.15, a PEG ratio of 0.80 and a beta of 0.07. The business's 50 day moving average is $22.99 and its two-hundred day moving average is $20.09. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On MINISO Group
Several hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its stake in MINISO Group by 3.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock valued at $378,000 after purchasing an additional 690 shares during the period. EverSource Wealth Advisors LLC raised its position in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares during the period. Northern Trust Corp raised its position in MINISO Group by 3.3% in the fourth quarter. Northern Trust Corp now owns 24,232 shares of the company's stock worth $579,000 after acquiring an additional 784 shares during the period. Geode Capital Management LLC boosted its stake in MINISO Group by 1.6% in the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock valued at $1,167,000 after acquiring an additional 1,027 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of MINISO Group during the 4th quarter valued at approximately $31,000. Institutional investors own 17.16% of the company's stock.
About MINISO Group
(
Get Free Report)
MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.
Read More
Before you consider MINISO Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MINISO Group wasn't on the list.
While MINISO Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
