There is little time left for Lufax Holding Ltd ADR (LU) to reach its 1-year target estimate. How soon will it surpass it?

Lufax Holding Ltd ADR (NYSE:LU) shares traded -19.16% lower at $0.82 on Wall Street last session.

In accordance with the data, 16 analysts cover Lufax Holding Ltd ADR (NYSE:LU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.30 and a low of $3.50, we find $9.71. Given the previous closing price of $1.02, this indicates a potential upside of 851.96 percent. LU stock price is now -22.58% away from the 50-day moving average and -48.99% away from the 200-day moving average. The market capitalization of the company currently stands at $1.89B.

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It has been rated a hold by 6 analysts and a buy by 5. Brokers who have rated the stock have averaged $8.94 as their price target over the next twelve months.

With the price target reduced from $1.60 to $1, UBS Downgraded its rating from Neutral to Sell for Lufax Holding Ltd ADR (NYSE: LU).

A total of 0.04% of the company’s stock is owned by insiders.

Lufax Holding Ltd ADR (NYSE: LU) opened at $1.0100 on Tuesday. During the past 12 months, Lufax Holding Ltd ADR has had a low of $0.87 and a high of $3.32. The fifty day moving average price for LU is $1.0652 and a two-hundred day moving average price translates $1.6165 for the stock.

The latest earnings results from Lufax Holding Ltd ADR (NYSE: LU) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.05 by 0.01. This compares to $0.18 EPS in the same period last year. The net profit margin was 2.35% and return on equity was 1.04% for LU. The company reported revenue of $1.28 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.99 percent. For the current quarter, analysts expect LU to generate $1.2B in revenue.

Lufax Holding Ltd ADR(LU) Company Profile

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. The company was founded in 2005 and is headquartered in Shanghai, China.

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