In a report released today, Jialong Shi from Nomura maintained a Buy rating on Meituan Dianping (MPNGF – Research Report), with a price target of HK$129.00. The company’s shares closed yesterday at $11.56.
According to TipRanks, Shi is a 4-star analyst with an average return of 5.0% and a 44.56% success rate. Shi covers the Consumer Cyclical sector, focusing on stocks such as Trip.com Group Ltd. Sponsored ADR, Vipshop, and PDD Holdings.
In addition to Nomura, Meituan Dianping also received a Buy from CMB International Securities’s Saiyi HE in a report issued yesterday. However, on the same day, Morgan Stanley downgraded Meituan Dianping (Other OTC: MPNGF) to a Hold.
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MPNGF market cap is currently $86.96B and has a P/E ratio of 50.54.
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Meituan Dianping (MPNGF) Company Description:
Meituan Dianping is a Chinese investment holding company. The company through its subsidiaries provides the platform which uses technology to connect consumers to merchants and offers diversified daily services including food delivery, in-store dining, hotel, and travel booking and other services. The company earns the majority of the revenue from the Food delivery segments which offers food ordering and delivery service through the Group’s platform.
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