Lufax Holding Ltd (LU) Price Targets: What Do They Mean?


As of Wednesday close, Lufax Holding Ltd’s (NYSE:LU) stock was up $0.11, moving up 6.71 percent to $1.75. The average number of shares traded per day over the past five days has been 16,477,721 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2200 fall in that time frame. In the last twenty days, the average volume was 15,976,340, while in the previous 50 days, it was 13,606,002.

Since last month, LU stock rose 16.67%. Shares of the company fell to $1.3000 on 10/24/22, the lowest level in the past month. A 52-week high of $7.05 was reached on 06/21/22 after having rallying from a 52-week low of $1.30. Since the beginning of this year, LU’s stock price has dropped by -68.92% or -$3.8800, and marked a new high 10 times. However, the stock has declined by -75.18% since its 52-week high.

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Valuation Metrics

Right now, Lufax Holding Ltd (LU) has a P/E ratio of about 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 0.48, the price-to-book (PB) ratio of 0.30.

The latest dividend of $0.17 per share was paid out, which is -75.0% less than last year’s $0.68. On Thursday October 20 2022, a $0.51 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.55, and the total debt-to-equity ratio was 0.55. In the year ended September 29, operating margins totaled 35.40%. Based on annual data, LU earned $4.9 billion in gross profit and brought in $9.58 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.50%. Return on equity (ROE) for the past 12 months was 16.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LU’s revenue fell -7.64% during the quarter, while net income inched up to $5.69 billion. While analysts expected Lufax Holding Ltd to report $0.17 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by -52.90%. During the quarter, the company generated $1.34 billion in EBITDA.

Technical Picture

This quick technical analysis looks at Lufax Holding Ltd’s (LU) price momentum. With a historical volatility rate of 174.40%, the RSI 9-day stood at 47.73% on 23 November.

With respect to its five-day moving average, the current Lufax Holding Ltd price is down by -11.17% percent or -$0.2200. At present, LU shares trade +2.94% above its 20-day simple moving average and -70.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.19% below its SMA50 and -63.54% below its SMA200.

Stochastic coefficient K was 30.30% and Stochastic coefficient D was 38.37%, while ATR was 0.2223. Given the Stochastic reading of 32.64% for the 14-day period, the RSI (14) reading has been calculated as 45.87%. As of today, the MACD Oscillator reading stands at -0.1989, while the 14-day reading stands at -0.1014.

Analyst Ratings

CLSA upgraded its rating on Lufax Holding Ltd (NYSE: LU) to a Buy in a note to investors on November 15, 2022. The analysts firm previously had a Sell rating on the stock.Lufax Holding Ltd (LU) has been rated Overweight by analysts. According to 2 brokerage firms, LU is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lufax Holding Ltd stock as buy, with 9 recommending it as overweight.

With a median target price of $23.19, the current consensus forecast for the stock is $10.01 – $47.21. Based on these forecasts, analysts predict Lufax Holding Ltd (LU) will achieve an average price target of $26.96.


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