Baozun Inc (BZUN) Receives $38.00 Consensus Target Price from Analysts
Shares of Baozun Inc (NASDAQ:BZUN) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.00.
A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating and set a $39.98 target price on the stock in a report on Wednesday, February 14th. Bank of America increased their target price on shares of Baozun from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Baozun from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded shares of Baozun from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th.
Institutional investors have recently added to or reduced their stakes in the business. Trustcore Financial Services LLC acquired a new stake in Baozun during the 4th quarter worth approximately $103,000. SG Americas Securities LLC acquired a new stake in shares of Baozun in the 4th quarter valued at $108,000. Legal & General Group Plc acquired a new stake in shares of Baozun in the 3rd quarter valued at $137,000. Castleark Management LLC acquired a new stake in shares of Baozun in the 4th quarter valued at $145,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Baozun by 18.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 44.63% of the company’s stock.
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Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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