Zacks Investment Research upgraded shares of Li Ning Co. (OTCMKTS:LNNGY) from a hold rating to a buy rating in a research report report published on Tuesday. Zacks Investment Research currently has $20.00 price target on the stock.
According to Zacks, “Li Ning Company Limited operates as a designer, developer, manufacturer and distributor of sports footwear, apparel, accessories and equipment for sport and leisure uses under its own LI-NING brand in the Peoples’ Republic of China. Additionally, the Group distributes sports products under its Z-DO brand via hypermarket channel; manufactures, markets, distributes and sells outdoor sports products under the French brand AIGLE and engages in manufacture, research and development, marketing and sale of table tennis and other sports equipment under the Double Happiness brand. The Company also develops, manufactures, markets, distributes and sells the licensed products under the Italian sports fashion brand Lotto; and engages in the research and development, manufacture and sale of professional badminton equipment under the Kason brand. Li Ning Company Limited is headquartered in Causeway Bay, Hong Kong. “
Shares of Li Ning (LNNGY) opened at 18.59 on Tuesday. The company has a market capitalization of $1.77 billion, a PE ratio of 16.17 and a beta of -0.82. The firm has a 50-day moving average price of $18.12 and a 200-day moving average price of $17.85. Li Ning has a 1-year low of $17.76 and a 1-year high of $18.59.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2888060/li-ning-co-lnngy-upgraded-by-zacks-investment-research-to-buy-2.html.
Receive News & Ratings for Li Ning Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning Co. and related companies with MarketBeat.com's FREE daily email newsletter.