Vipshop was Downgraded to a Hold Rating at Nomura

By Carrie Williams

Nomura analyst Jialong Shi downgraded Vipshop (NYSEArca: VIPS) to Hold today. The company’s shares opened today at $15.12.

According to TipRanks.com, Shi is a 5-star analyst with an average return of 25.4% and a 88.6% success rate. Shi covers the Technology sector, focusing on stocks such as Perfect World Co, Alibaba Group, and NetEase Inc.

Vipshop has an analyst consensus of Moderate Buy, with a price target consensus of $17.

Vipshop’s market cap is currently $7.5B and has a P/E ratio of 40.94. The company has a book value ratio of 10.5639.

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VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous. It cooperates with domestic and overseas brand agents and manufacturers. The company was founded by Ya Shen and Xiao Bo Hong on August 22, 2008 and is headquartered in Guangzhou, China.