Phillip Securities analyst Peggy Mak maintained a Sell rating on SIA – Singapore Airlines (SINGF – Research Report) today. The company’s shares closed last Tuesday at $5.59.
According to TipRanks, Mak is an analyst with an average return of -8.1% and a 40.00% success rate.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for SIA – Singapore Airlines with a $5.34 average price target, implying a -4.47% downside from current levels. In a report released on July 19, Citi also downgraded the stock to a Sell with a S$6.54 price target.
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The company has a one-year high of $6.00 and a one-year low of $3.43. Currently, SIA – Singapore Airlines has an average volume of 3,904.
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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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