There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on ST Engineering (SGGKF – Research Report), Yangzijiang Shipbuilding (Holdings) (YSHLF – Research Report) and UMS Holdings (UMSSF – Research Report) with bullish sentiments.
ST Engineering (SGGKF)
DBS analyst Suvro Sarkar maintained a Buy rating on ST Engineering yesterday and set a price target of S$4.50. The company’s shares closed last Friday at $2.93, close to its 52-week high of $3.02.
According to TipRanks.com, Sarkar is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ST Engineering with a $3.30 average price target, implying a 12.6% upside from current levels. In a report issued on February 23, HSBC also maintained a Buy rating on the stock with a S$4.57 price target.
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Yangzijiang Shipbuilding (Holdings) (YSHLF)
In a report released yesterday, Pei Hwa Ho from DBS reiterated a Buy rating on Yangzijiang Shipbuilding (Holdings), with a price target of S$2.10. The company’s shares closed last Wednesday at $1.23.
Ho has an average return of
According to TipRanks.com, Ho is ranked #2131 out of 8757 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Yangzijiang Shipbuilding (Holdings) with a $1.53 average price target, which is a 24.4% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a S$2.10 price target.
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