Jefferies analyst Anne Ling maintained a Buy rating on Tsingtao Brewery Co (TSGTF – Research Report) on January 5 and set a price target of HK$100.00. The company’s shares closed last Wednesday at $6.36.
According to TipRanks, Ling is an analyst with an average return of -2.9% and a 26.67% success rate. Ling covers the Consumer Cyclical sector, focusing on stocks such as Samsonite International SA, Chow Tai Fook Jewellery Group, and Haidilao International Holding.
Currently, the analyst consensus on Tsingtao Brewery Co is a Strong Buy with an average price target of $12.47.
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The company has a one-year high of $10.71 and a one-year low of $6.01. Currently, Tsingtao Brewery Co has an average volume of 3,096.
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Tsingtao Brewery Co (TSGTF) Company Description:
Tsingtao Brewery Co., Ltd. engages in the manufacture and sale of beer and related products. It operates through the following business segments: Shandong; South China; North China; East China; Southeast; Hong Kong, Macau, and overseas; and Finance. The Shandong segment engages in the production and sale of beer in Shandong and surrounding areas. The South China, North China, East China, and Southeast segments engage in the production and sale of beer in the respective areas. The Hong Kong, Macau, and overseas segment engages in the sale of beer in Hong Kong, Macau, and overseas. The Finance segment handles the financial management and financial transactions such as payment and collection of member units. The company offer the verities of beer include Great ocean beer, Huiquan beer, Tsingtao draft beer, Tsingtao dark beer, Tsingtao beer premium and Tsingtao beer. Tsingtao Brewery was founded in August 1903 and is headquartered in Qingdao, China.
