MINISO Group Holding Limited (NYSE:MNSO) Given Consensus Recommendation of “Moderate Buy” by Analysts

MINISO Group Holding Limited (NYSE:MNSO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.70.

A number of research firms have recently commented on MNSO. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price for the company. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th.

MINISO Group Stock Up 2.3 %

MNSO stock opened at $20.33 on Wednesday. The stock has a market capitalization of $6.35 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The firm has a 50-day moving average price of $22.99 and a 200-day moving average price of $20.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in MINISO Group by 76.6% in the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company’s stock valued at $219,835,000 after buying an additional 3,992,300 shares during the last quarter. M&G PLC raised its holdings in MINISO Group by 217.5% in the 3rd quarter. M&G PLC now owns 3,611,656 shares of the company’s stock valued at $65,010,000 after buying an additional 2,474,207 shares during the last quarter. HCEP Management Ltd bought a new position in MINISO Group in the 4th quarter valued at approximately $40,613,000. LMR Partners LLP bought a new position in MINISO Group in the 3rd quarter valued at approximately $11,384,000. Finally, MY.Alpha Management HK Advisors Ltd raised its holdings in MINISO Group by 37.5% in the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company’s stock valued at $13,258,000 after buying an additional 151,364 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

About MINISO Group

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.