Li Ning Co. (LNNGY) Lifted to Buy at Zacks Investment Research

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 target price 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. “

Li Ning (LNNGY) opened at 18.59 on Tuesday. The company has a 50 day moving average of $18.19 and a 200-day moving average of $17.87. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.17 and a beta of -0.82. Li Ning has a 12-month low of $17.76 and a 12-month high of $18.59.

TRADEMARK VIOLATION NOTICE: This story was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/09/15/li-ning-co-lnngy-lifted-to-buy-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on Li Ning (LNNGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Leave a Reply