Broker Recommendations and Target Prices for the Industrial and Commercial Bank of China (1398.HK) - November 2021

Touzibozhu
Broker Recommendations and Target Prices China Banks China H-Shares China Stocks Industrial and Commercial Bank of China

Introduction

The Industrial and Commercial Bank of China (ICBC) is one of the mainland China Bank stocks which I keep in my Dividend Income Portfolio. An earlier article on ICBC provided an estimate of the Intrinsic Value, Margin of Safety and Return on Investment for the H-shares based on the Dividend Discount Model. This article summarizes the latest Broker Recommendations and Target Prices for ICBC, courtesy of AAstocks.com.

Summary Table of Broker Recommendations and Target Prices for ICBC H-share (1398.HK)

BrokersRatingsTarget Prices (HK$)
Morgan StanleyOverweight7.2
HSBC Global ResearchBuy7.1
CitigroupBuy7
CICCOutperform6.9
NomuraBuy6.36
Bank of America SecuritiesBuy6
JP MorganNeutral5.2
UBSNeutral4.3
Summary Table of Broker Recommendations and Target Prices for ICBC H-share (1398.HK)

Average of the Broker target prices for ICBC H-share and Potential Upside

The average of the target prices from all the different brokers = 6.2575HK$ per share. On 8th November, the H-shares of ICBC closed at 4.23HK$, offering a potential upside of 47.9%.

Disclaimer:

This article is a record of the thinking behind a personal investment decision. It does not represent any recommendation to purchase any stock mentioned in the article. As always, readers are strongly advised to do their own due diligence before making any investment decisions.