MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.1250.

Several research firms have recently issued reports on MNSO. Deutsche Bank Aktiengesellschaft started coverage on MINISO Group in a research report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Tuesday, December 16th.

Institutional Trading of MINISO Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of MINISO Group in the third quarter valued at about $25,000. Brooklyn Investment Group grew its stake in shares of MINISO Group by 579.4% in the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company’s stock valued at $31,000 after purchasing an additional 1,408 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MINISO Group by 141.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company’s stock valued at $35,000 after buying an additional 1,131 shares during the last quarter. Hantz Financial Services Inc. grew its position in MINISO Group by 3,465.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock valued at $39,000 after buying an additional 2,079 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Up 1.1%

Shares of NYSE:MNSO opened at $19.84 on Tuesday. MINISO Group has a 52 week low of $13.94 and a 52 week high of $27.71. The company’s 50 day moving average is $20.72 and its two-hundred day moving average is $20.77. The company has a market cap of $6.14 billion, a PE ratio of 20.45, a P/E/G ratio of 2.25 and a beta of 0.15. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.