Goldman Sachs Maintains Neutral Rating for Lufax Holding: Here's What You Need To Know

Goldman Sachs has decided to maintain its Neutral rating of Lufax Holding LU and lower its price target from $1.90 to $1.70.

Shares of Lufax Holding are trading down 0.8% over the last 24 hours, at $1.24 per share.

A move to $1.70 would account for a 37.1% increase from the current share price.

About Lufax Holding

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.