Credit Suisse Group AG issued a report on NetEase Inc (ADR) (NASDAQ:NTES), boosting its stock price target to $230.00 today
- Updated: September 17, 2016
Just yesterday NetEase Inc (ADR) (NASDAQ:NTES) traded 0.12% higher at $212.57. NTES’s 50-day moving average is $210.04 and its two hundred day moving average is $171.75. The last stock price close is up 38.59% from the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the date range. 1,218,244 shares of the stock exchanged hands, up from ann avg. trading volume of 1,146,280.
Stating a possible upside of 0.08%, Credit Suisse Group AG raised the estimated target of NetEase Inc (ADR) (NASDAQ:NTES) to $230
On 8/19/2016, Credit Suisse released a statement about NetEase Inc (ADR)(NASDAQ:NTES) bumped the target price from $0.00 to $230.00 that suggested an upside of 0.11%.
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In addition to Credit Suisse Group AG reporting it’s stock price target, a total of 19 brokers have released a ratings update on the company. The consensus target price is $176.08 with six analysts rating the stock a strong buy, eight firms rating the company a buy, three analysts rating the stock a hold, two analysts rating the company to underperform, and lastly 0 brokerages rating the company as sell.
With a market capitalization of $0.0, NetEase Inc (ADR) has a price-earnings of 23 with a one-year low of $110.65 and a one-year high of $242.98.
General Information About NetEase Inc (ADR) (NASDAQ:NTES)
NetEase, Inc. (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, and contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.
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