Shares of Meituan (OTCMKTS:MPNGF – Get Free Report) traded up 3% on Thursday . The company traded as high as $12.80 and last traded at $12.80. 370 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 12,005 shares. The stock had previously closed at $12.4250.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on MPNGF shares. Barclays reissued an “underweight” rating and set a $10.00 target price on shares of Meituan in a research note on Thursday, August 28th. Benchmark cut shares of Meituan to a “hold” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.00.
Get Our Latest Stock Report on MPNGF
Meituan Price Performance
Meituan Company Profile
Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.
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