This indicates the analyst believes there is a potential upside of 44.4% from today’s opening price of 58.16 Dollars. However, the stock price could fluctuate by $ 4.91 from the estimate as it is suggested by the standard deviation reading. Chinese shares tumbled the most since 2007.
A number of other research firms also recently issued reports on BABA. The stock has a market capitalization of $162.99 billion and a P/E ratio of 25.12. Investment firm finds the stock of BABA attractive and has price target of $84.0 with “Buy” rating.
Willis Group Holdings Limited (NYSE:WSH) witnessed a decline in the market cap on Monday as its shares dropped 3.09% or 1.38 points.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Group Deputy CEO) of Willis Group Holdings Plc, Hearn Stephen Patrick sold 1,042 shares at $47.77 on March 2, 2015.
Willis Group Holdings Limited (NYSE:WSH): 11 Analyst have given the stock of Willis Group Holdings Limited (NYSE:WSH) a near short term price target of $50.82. The company has an average rating of Buy and an average price target of $101.68. 4 analysts have rated the company as a strong buy. The firm earned $3.27 billion during the quarter, compared to analysts’ expectations of $3.43 billion.
Additionally, Alibaba and some other technological companies such as SoftBank Group Corp (OTCMKTS:SFTBF) and Foxconn have agreed to raise $500 million for Snap deal, in which the e-commerce is expected to contribute $200 million in the fund.
Mr Zhang said Alibaba’s employees should keep their focus on serving customers and assured them that the company had plenty of cash reserves, robust cash flow and a profitable business model, adding Alibaba has faith in the Chinese economy. The Company is mainly engaged through technology, services and products. Retail marketplaces and services run by the Company range from the China online shopping destination (NYSE:BABA); the China brands and retail platform (Tmall); the China group purchasing site that provides products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the worldwide consumer market targeting consumers around the world (AliExpress). The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Pacific Crest reduced their price objective on Alibaba Group Holding from $104.00 to $94.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th.