OCBC Investment analyst Chu Peng maintained a Buy rating on SIA Engineering Co (SEGSF – Research Report) yesterday and set a price target of S$2.78. The company’s shares closed last Friday at $1.74.
According to TipRanks, Peng is a 2-star analyst with an average return of -1.7% and a 50.00% success rate. Peng covers the Industrial Goods sector, focusing on stocks such as SATS, SIA Engineering Co, and SIA – Singapore Airlines.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SIA Engineering Co with a $2.05 average price target, representing a 18.16% upside. In a report released on May 11, DBS also maintained a Buy rating on the stock with a S$2.80 price target.
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SEGSF market cap is currently $1.95B and has a P/E ratio of 40.47.
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SIA Engineering Co. Ltd. engages in the provision of airframe maintenance, component overhaul services and fleet management programme, the provision of line maintenance and technical ground handling services and investment holdings. It operates through the following two segments: Airframe and Line Maintenance, and Engine and Component. The Airframe and Line Maintenance segment provides airframe maintenance, line maintenance, and fleet management programme. The Engine and Component segment includes component overhaul and engine repair and overhaul services. The company was founded on March 16, 1982 and is headquartered in Singapore.
