Zacks Investment Research upgraded shares of CSPC Pharmaceutical Group Ltd (NASDAQ:CHPTY) from a sell rating to a buy rating in a research note issued to investors on Monday morning. They currently have $82.00 target price on the stock.
According to Zacks, “CSPC Pharmaceutical Group Limited operates as a pharmaceutical group in China. Its bulk drug products include vitamin C, penicillin G and 7-ACA. The Company is also a major manufacturer of antibiotic finished drugs such as penicillin and cephalosporin products. CSPC Pharmaceutical Group Limited, formerly known as China Pharmaceutical Group Limited, is based in Wan Chai, Hong Kong. “
Shares of CSPC Pharmaceutical Group (NASDAQ:CHPTY) traded up 9.24% during mid-day trading on Monday, hitting $80.04. 43 shares of the stock were exchanged. The company has a 50-day moving average price of $77.91 and a 200-day moving average price of $71.74. The stock has a market cap of $9.69 billion and a price-to-earnings ratio of 32.02. CSPC Pharmaceutical Group has a 12 month low of $51.03 and a 12 month high of $80.04.
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About CSPC Pharmaceutical Group
CSPC Pharmaceutical Group Limited is an investment holding company principally engaged in the manufacture and sales of pharmaceutical products. The Company sells its products under the brand of CSPS. The Company has four business segments: Finished Drugs, Antibiotics (intermediates and bulk drugs), Vitamin C (bulk drugs) and Caffeine and Others (bulk drugs).
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