Perfect World Co Ltd Given Equal Weight Rating at Barclays Capital (PWRD)
Barclays Capital reaffirmed their equal weight rating on shares of Perfect World Co Ltd (NASDAQ: PWRD) in a report issued on Tuesday. They currently have a $12.30 target price on the stock, down from their previous target price of $13.50.
“PWRD delivered broadly in-line results for 4Q12 but guided for 1Q13 to be significantly below expectations on the absence of a revenue contribution from Torchlight 2, lack of new game launches and the continued slowdown of monetization for core titles.,” the firm’s analyst commented.
Perfect World Co Ltd traded down 1.13% on Tuesday, hitting $10.51. Perfect World Co Ltd has a 1-year low of $8.92 and a 1-year high of $17.46. The stock’s 50-day moving average is currently $11.52. The company has a market cap of $508.1 million and a price-to-earnings ratio of 4.53.
PWRD has been the subject of a number of other recent research reports. Analysts at Citigroup downgraded shares of Perfect World Co Ltd from a buy rating to a neutral rating in a research note to investors on Tuesday. They now have a $13.20 price target on the stock, down previously from $18.90. Analysts at Zacks upgraded shares of Perfect World Co Ltd from an underperform rating to a neutral rating in a research note to investors on Wednesday, January 23rd. They now have a $12.20 price target on the stock.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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