NetEase Inc (ADR) (NASDAQ:NTES) target price raised to $345.00, issued a report today by CICC Research
- Updated: October 12, 2016
NetEase Inc (ADR) (NASDAQ:NTES) had its target price raised to $345.00 by CICC Research in a report released 10/12/2016. The new target price indicates a possible upside of 0.36% based on the company's last stock close price.
Previously on 10/10/2016, Vetr Inc. reported about NetEase Inc (ADR) (NASDAQ:NTES) raised the target price from $0.00 to $266.16. At the time, this indicated a possible upside of 0.05%.
Yesterday NetEase Inc (ADR) (NASDAQ:NTES) traded 2.84% higher at $254.20. The company’s 50-day moving average is $235.25 and its 200-day moving average is $186.91. The last stock close price is up 39.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,036,734 shares of the stock were exchanged, up from an average trading volume of 1,105,110
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NetEase Inc (ADR) has a 52 week low of $129.60 and a 52 week high of $270.93 with a P/E ratio of 25.03 The company’s market cap is currently $0.
In addition to CICC Research reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is $176.08 with 6 firms rating the stock a strong buy, 8 firms rating the stock a buy, 3 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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, 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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