In a report released today, Roy Chen from UOB Kay Hian maintained a Sell rating on SIA – Singapore Airlines (SINGF – Research Report), with a price target of S$7.28. The company’s shares closed yesterday at $5.54.
According to TipRanks, Chen is ranked #4256 out of 8474 analysts.
SIA – Singapore Airlines has an analyst consensus of Hold, with a price target consensus of $5.34, implying a -3.65% downside from current levels. In a report released on July 3, CGS-CIMB also downgraded the stock to a Sell with a S$6.53 price target.
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SINGF market cap is currently $16.63B and has a P/E ratio of 21.65.
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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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