InvestorsObserver is giving OneConnect Financial Tech Co Ltd ADR (OCFT) an Analyst Rating Rank of 24, meaning OCFT is ranked higher by analysts than 24% of stocks. The average price target for OCFT is $11.82 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating OCFT a Buy today. Find out what this means to you and get the rest of the rankings on OCFT!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With OneConnect Financial Tech Co Ltd ADR Stock Today?
OneConnect Financial Tech Co Ltd ADR (OCFT) stock is lower by -1.54% while the S&P 500 is up 0.01% as of 10:05 AM on Friday, Sep 10. OCFT is lower by -$0.07 from the previous closing price of $4.54 on volume of 97,581 shares. Over the past year the S&P 500 has gained 34.57% while OCFT is lower by -76.85%. OCFT lost -$0.52 per share the over the last 12 months.
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