Analysts Offer Insights on Financial Companies: ASX Limited (OtherASXFF), Industrial and Commercial Bank of China (OtherIDCBF) and Hang Seng Bank (OtherHSNGF)

Analysts have been eager to weigh in on the Financial sector with new ratings on ASX Limited (ASXFF – Research Report), Industrial and Commercial Bank of China (IDCBF – Research Report) and Hang Seng Bank (HSNGF – Research Report).

ASX Limited (ASXFF)

In a report issued on January 5, Simon Fitzgerald from Jefferies maintained a Hold rating on ASX Limited, with a price target of A$62.75. The company’s shares closed last Friday at $42.33.

According to TipRanks.com, Fitzgerald is a 1-star analyst with an average return of -2.2% and a 35.3% success rate. Fitzgerald covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, QBE Insurance Group Limited, and Computershare Limited.

ASX Limited has an analyst consensus of Hold, with a price target consensus of $40.36.

See today’s best-performing stocks on TipRanks >>

Industrial and Commercial Bank of China (IDCBF)

In a report issued on January 5, Shujin Chen from Jefferies maintained a Buy rating on Industrial and Commercial Bank of China, with a price target of HK$4.99. The company’s shares closed last Friday at $0.48.

According to TipRanks.com, Chen is a 2-star analyst with an average return of 0.5% and a 66.7% success rate. Chen covers the Financial sector, focusing on stocks such as Hong Kong Exchanges & Clearing, Agricultural Bank of China, and Bank of Communications Co.

Industrial and Commercial Bank of China has an analyst consensus of Moderate Buy, with a price target consensus of $0.61.

Hang Seng Bank (HSNGF)

Jefferies analyst Sam Wong maintained a Hold rating on Hang Seng Bank on January 5 and set a price target of HK$92.00. The company’s shares closed last Monday at $11.19, equals to its 52-week low of $11.19.

According to TipRanks.com, Wong is a 1-star analyst with an average return of -6.1% and a 31.1% success rate. Wong covers the Financial sector, focusing on stocks such as People’s Insurance Co (Group) of China, China Taiping Insurance Holdings Co, and China Pacific Insurance (Group) Co.

Currently, the analyst consensus on Hang Seng Bank is a Hold with an average price target of $12.03.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.