[Featured Stock] Hyundai Motor Recovers to 250,000 Won After 7 Trading Days

[Image source=Yonhap News]

Hyundai Motor Company recovered to 250,000 won after 7 trading days. It is interpreted that foreign net buying and the upward revision of the target price report had a positive impact on investor sentiment.

At 9:45 a.m. on the 14th, Hyundai Motor was trading at 250,000 won, up 0.60% from the previous trading day. This marks a return to the 250,000 won level for the first time in 7 trading days since the 27th of last month.

On the same day, NH Investment & Securities raised the target price for Hyundai Motor from 310,000 won to 350,000 won. Researcher Jo Suhong of NH Investment & Securities analyzed, "In the process of global collaboration to enhance mid- to long-term business potential, the Hyundai Motor brand's status is expected to strengthen, and as collaboration results become visible and the global competitive landscape is reorganized, the stock price discount rate may gradually decrease."

He added, "If all discount rates are removed, the theoretical target price could be revised upward to about 500,000 won."