Jefferies analyst Thomas Chong maintained a Buy rating on Lufax Holding (LU – Research Report) yesterday and set a price target of $2.13. The company’s shares closed yesterday at $1.51.
Chong covers the Technology sector, focusing on stocks such as Baidu, KE Holdings Inc. Sponsored ADR Class A, and Full Truck Alliance. According to TipRanks, Chong has an average return of 2.3% and a 38.16% success rate on recommended stocks.
In addition to Jefferies, Lufax Holding also received a Buy from Bank of America Securities’s Emma Xu in a report issued yesterday. However, on May 15, Goldman Sachs maintained a Hold rating on Lufax Holding (NYSE: LU).
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LU market cap is currently $3.87B and has a P/E ratio of 2.80.
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Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company provides personal lending services to small business owners as well as salaried workers in China, and provides tailor-made wealth management solutions to China’s middle class and affluent population.
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