Hutchison China MediTech Limited (HCM) Given a $20.00 Price Target at Canaccord Genuity

Canaccord Genuity set a $20.00 price objective on Hutchison China MediTech Limited (NASDAQ:HCM) in a research report released on Tuesday morning. The firm currently has a buy rating on the stock.

Separately, Beaufort Securities reiterated a buy rating on shares of Hutchison China MediTech Limited in a report on Tuesday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $18.33.

Shares of Hutchison China MediTech Limited (NASDAQ:HCM) opened at 13.53 on Tuesday. The firm has a 50-day moving average of $13.84 and a 200-day moving average of $12.95. Hutchison China MediTech Limited has a one year low of $9.80 and a one year high of $16.06. The stock’s market cap is $1.64 billion.

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Several large investors have recently bought and sold shares of HCM. GRATRY & Co LLC acquired a new stake in Hutchison China MediTech Limited during the second quarter valued at approximately $157,000. Folger Hill Asset Management LP acquired a new stake in Hutchison China MediTech Limited during the second quarter valued at approximately $1,130,000. Matthews International Capital Management LLC acquired a new stake in Hutchison China MediTech Limited during the fourth quarter valued at approximately $1,376,000. Baillie Gifford & Co. raised its stake in Hutchison China MediTech Limited by 0.5% in the fourth quarter. Baillie Gifford & Co. now owns 153,703 shares of the company’s stock valued at $2,086,000 after buying an additional 777 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Hutchison China MediTech Limited by 49.9% in the third quarter. Schroder Investment Management Group now owns 624,543 shares of the company’s stock valued at $7,457,000 after buying an additional 208,006 shares in the last quarter. Institutional investors and hedge funds own 3.64% of the company’s stock.

Hutchison China MediTech Limited Company Profile

Hutchison China MediTech Limited (Chi-Med) is a China-based, globally-focused healthcare group. The Company researches, develops, manufactures and sells pharmaceuticals and health-related consumer products. Its Innovation Platform focuses on discovering and developing therapeutics in oncology and autoimmune diseases for the global market.

5 Day Chart for NASDAQ:HCM

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