In a report released yesterday, Raymond Yap from CGS-CIMB downgraded SIA – Singapore Airlines (SINGF – Research Report) to a Sell, with a price target of S$6.53. The company’s shares closed last Friday at $5.27.
According to TipRanks, Yap is ranked #4925 out of 8434 analysts.
SIA – Singapore Airlines has an analyst consensus of Hold, with a price target consensus of $5.21, representing a -1.14% downside. In a report released on June 23, CLSA also maintained a Sell rating on the stock with a S$7.30 price target.
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SINGF market cap is currently S$21.22B and has a P/E ratio of 20.32.
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Singapore Airlines Ltd. engages in passenger and cargo air transportation. It operates through the following segments: Singapore Airlines, SilkAir, Budget Aviation, SIAEC, and Others. The Singapore Airlines segment provides passenger air transportation under the Singapore Airlines brand with a focus on full-service passenger serving short and long haul markets. The SilkAir segment covers passenger air transportation under the SilkAir brand with a focus on full-service passenger serving regional markets. The Budget Aviation segment provides passenger air transportation under the Scoot brand with a focus on the lowcost passenger segment. The SIAEC segment provides airframe maintenance and overhaul services, line maintenance, technical ground handling services and fleet management. The company was founded on January 28, 1972 and is headquartered in Singapore.
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