Trade Report: Today: CLSA Initiates Coverage on Yum China (YUMC)

Today: CLSA Initiates Coverage on Yum China (YUMC)

CLSA began coverage on shares of Yum China (NASDAQ:YUMC) in a research note issued on Monday. The firm set an “underperform” rating and a $30.00 price target on the stock. CLSA’s price target points to a potential upside of 1.87% from the company’s current price.

A number of other equities analysts have also recently commented on YUMC. Morgan Stanley began coverage on shares of Yum China in a research note on Tuesday, November 1st. They issued an “overweight” rating and a $32.00 price objective for the company. Evercore ISI began coverage on shares of Yum China in a research note on Tuesday, November 1st. They set a “hold” rating for the company. Goldman Sachs Group Inc. began coverage on shares of Yum China in a research note on Wednesday, November 23rd. They set a “neutral” rating for the company. Sanford C. Bernstein began coverage on shares of Yum China in a research note on Friday, November 4th. They set a “market perform” rating and a $31.00 price target for the company. Finally, Oppenheimer Holdings Inc. began coverage on shares of Yum China in a research note on Thursday, November 10th. They set an “outperform” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.50.

Shares of Yum China (NASDAQ:YUMC) traded down 2.61% during midday trading on Monday, reaching $28.68. 873,680 shares of the company’s stock were exchanged. The company’s market cap is $10.99 billion. The stock’s 50 day moving average price is $26.41 and its 200 day moving average price is $26.41. Yum China has a 12-month low of $23.79 and a 12-month high of $30.37.

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