Deutsche Bank Aktiengesellschaft Begins Coverage on MINISO Group (NYSE:MNSO)

Equities research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of MINISO Group (NYSE:MNSO) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 20.04% from the company’s previous close.

Several other research analysts have also issued reports on MNSO. Dbs Bank raised MINISO Group to a “moderate buy” rating in a research report on Friday, August 22nd. Weiss Ratings downgraded shares of MINISO Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Jefferies Financial Group upgraded shares of MINISO Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.50 to $26.20 in a research report on Friday, August 22nd. Finally, Bank of America upgraded shares of MINISO Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

MINISO Group Trading Down 0.5%

Shares of MINISO Group stock traded down $0.09 on Tuesday, hitting $19.16. The stock had a trading volume of 290,411 shares, compared to its average volume of 1,081,147. The stock has a 50 day moving average of $21.99 and a 200 day moving average of $20.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. MINISO Group has a twelve month low of $13.94 and a twelve month high of $27.71. The firm has a market capitalization of $5.93 billion, a P/E ratio of 19.76, a PEG ratio of 1.25 and a beta of 0.15.

Institutional Trading of MINISO Group

Large investors have recently made changes to their positions in the company. Mackenzie Financial Corp increased its position in MINISO Group by 8.0% in the 1st quarter. Mackenzie Financial Corp now owns 192,620 shares of the company’s stock valued at $3,562,000 after buying an additional 14,278 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in MINISO Group in the first quarter valued at approximately $74,000. AI Squared Management Ltd increased its holdings in shares of MINISO Group by 63.4% during the first quarter. AI Squared Management Ltd now owns 103,945 shares of the company’s stock valued at $1,922,000 after acquiring an additional 40,328 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MINISO Group during the first quarter worth approximately $214,000. Finally, Caitong International Asset Management Co. Ltd grew its position in MINISO Group by 884.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,719 shares of the company’s stock valued at $106,000 after purchasing an additional 5,138 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.