Wuhan General Group (China) (BEST) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Wuhan General Group (China) (NASDAQ:BEST) have received a consensus broker rating score of 1.25 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and seven have issued a strong buy rating on the company. Wuhan General Group’s rating score has declined by 25% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a twelve-month consensus target price of $8.38 for the company and are anticipating that the company will post ($0.10) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Wuhan General Group an industry rank of 215 out of 256 based on the ratings given to its competitors.

BEST has been the subject of several research analyst reports. Sanford C. Bernstein downgraded Wuhan General Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $11.00 to $6.00 in a research note on Tuesday, April 23rd. Zacks Investment Research raised Wuhan General Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.

BEST stock traded down $0.13 during midday trading on Monday, reaching $5.85. The company had a trading volume of 12,128 shares, compared to its average volume of 1,031,964. Wuhan General Group has a 1-year low of $3.77 and a 1-year high of $13.54.

About Wuhan General Group

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

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