Equities research analysts at Cowen and Company assumed coverage on shares of Sea Limited (NYSE:SE) in a research note issued on Tuesday. The firm set an “outperform” rating and a $18.00 price target on the pipeline company’s stock. Cowen and Company’s price objective points to a potential upside of 22.37% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) began coverage on Sea Limited in a report on Tuesday. They issued a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus began coverage on Sea Limited in a report on Tuesday. They issued a “buy” rating and a $19.00 price objective for the company. Piper Jaffray Companies began coverage on Sea Limited in a report on Tuesday. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Morgan Stanley began coverage on Sea Limited in a report on Tuesday. They issued an “equal weight” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.67.
Shares of Sea Limited (SE) traded down $0.30 on Tuesday, reaching $14.71. The company had a trading volume of 712,100 shares, compared to its average volume of 1,717,889. Sea Limited has a 52 week low of $13.62 and a 52 week high of $16.99. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 1.15.
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Sea Limited Company Profile
Sea Limited, formerly Garena Interactive Holding Limited, is a Singapore-based Internet and mobile platform company. The Company is a platform provider for online personal computer (PC) and mobile digital content, e-commerce and payments across Asia. The Company offers Garena+, an online platform for people to meet, chat and play games with each other.
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