Hutchison China MediTech Limited 37.5% Potential Upside Indicated by HSBC

Broker Ratings

Hutchison China MediTech Limited using EPIC/TICKER code (LON:HCM) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Hutchison China MediTech Limited are listed in the Health Care sector within AIM. HSBC have set a target price of 5940 GBX on its stock. This indicates the analyst now believes there is a potential upside of 37.5% from the opening price of 4320 GBX. Over the last 30 and 90 trading days the company share price has increased 370 points and increased 608.8 points respectively. The 1 year high stock price is 5668 GBX while the year low stock price is currently 3180 GBX.

Hutchison China MediTech Limited has a 50 day moving average of 3,857.33 GBX and the 200 Day Moving Average price is recorded at 4,438.46. There are currently 66,657,745 shares in issue with the average daily volume traded being 4,545. Market capitalisation for LON:HCM is £2,932,940,780 GBP.

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