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A statement released earlier today by Zacks Investment Research about Tsingtao Brewery Co Ltd (ADR) (NASDAQ:TSGTY) bumps the target price to $22.00

Boasting a price of $19.33, Tsingtao Brewery Co Ltd (ADR) (NASDAQ:TSGTY) traded 0.00% even on the day. With the last close up 6.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tsingtao Brewery Co Ltd (ADR) has recorded a 50-day average of $18.00 and a two hundred day average of $18.16. Volume of trade was down over the average, with 130 shares of TSGTY changing hands under the typical 1,725

Zacks Investment Research bumped up the target of Tsingtao Brewery Co Ltd (ADR) (NASDAQ:TSGTY) to $22.00 stating a potential upside of 0.14%.

Performance Chart

Tsingtao Brewery Co Ltd (ADR) (NASDAQ:TSGTY)

With a total market value of $0, Tsingtao Brewery Co Ltd (ADR) has price-earnings ratio of 10.98 with a one year low of $16.38 and a one year high of $25.52 .

More About Tsingtao Brewery Co Ltd (ADR) (NASDAQ:TSGTY)

Tsingtao Brewery Company Limited is a beer producer and distributor in China. The Company's segments include Shandong region, which is responsible for the production and distribution of beer in Shandong region and surrounding regions; Huanan region, which is responsible for the production and distribution of beer in South China region; Huabei region, which is responsible for the production and distribution of beer in North China region; Huadong region, which is responsible for the production and distribution of beer in East China region; Dongnan region, which is responsible for the production and distribution of beer in Southeast China region; Hong Kong, Macau and other overseas, which is responsible for the distribution of beer in Hong Kong, Macau and other overseas, and Finance Company, which is engaged in the financial businesses of wealth management, and agency collection and payment for its members.

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