The stock of Lufax Holding Ltd (NYSE:LU) last traded at $1.41, down -7.24% from the previous session.
As we calculate the median target price by taking the range between a high of $18.12 and a low of $7.90, we find $12.62. Given the previous closing price of $1.52, this indicates a potential upside of 730.26 percent. LU stock price is now -9.96% away from the 50-day moving average and -26.62% away from the 200-day moving average. The market capitalization of the company currently stands at $3.42B.
Brokers who have rated the stock have averaged $12.87 as their price target over the next twelve months.
With the price target of $2.50, Bernstein recently initiated with Outperform rating for Lufax Holding Ltd (NYSE: LU).
A total of 4.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LU stock. A new stake in Lufax Holding Ltd shares was purchased by MAN GROUP PLC during the first quarter worth $1,861,000. SWISS NATIONAL BANK invested $1,701,000 in shares of LU during the first quarter. In the first quarter, LAZARD ASSET MANAGEMENT LLC acquired a new stake in Lufax Holding Ltd valued at approximately $1,658,000. D. E. SHAW & CO., INC. acquired a new stake in LU for approximately $732,000. PARAGON CAPITAL MANAGEMENT LTD purchased a new stake in LU valued at around $185,000 in the second quarter. In total, there are 289 active investors with 16.60% ownership of the company’s stock.
With an opening price of $1.4800 on Monday morning, Lufax Holding Ltd (NYSE: LU) set off the trading day. During the past 12 months, Lufax Holding Ltd has had a low of $1.23 and a high of $4.64. The fifty day moving average price for LU is $1.5664 and a two-hundred day moving average price translates $1.9210 for the stock.
The latest earnings results from Lufax Holding Ltd (NYSE: LU) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.02 by 0.02. This compares to $0.34 EPS in the same period last year. The net profit margin was 8.00% and return on equity was 4.40% for LU. The company reported revenue of $1.47 billion for the quarter, compared to $2.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.28 percent. For the current quarter, analysts expect LU to generate $1.43B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/21/2023. Investors who held shares on 04/07/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.10 dividend and a 7.09% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend.
