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UBS upgrades Bank of Ningbo stock rating to Buy on accelerating growth

Published 29/10/2025, 17:32
UBS upgrades Bank of Ningbo stock rating to Buy on accelerating growth
002142
0.43%

Investing.com - UBS has upgraded Bank of Ningbo Co Ltd (SHE:002142) from Neutral to Buy, raising its price target to RMB32.00 from RMB25.70.

The upgrade comes after Bank of Ningbo experienced significant derating over the past five years, with its price-to-book value ratio falling from more than 2.0x to 0.7x currently.

UBS believes the bank is positioned for accelerated earnings growth, projecting revenue and net profit compound annual growth rates of 9.6% and 10.1%, respectively, for 2025-27.

The investment bank cited better-than-expected operational metrics and financial performance as key factors behind the rating change.

UBS expects these improvements to attract increased investor interest in Bank of Ningbo shares over the coming quarters, supporting the more positive outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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