After a 57 per cent stock rally in 11 trading days this year, one analyst has decided that now is the time to give South Korea’s Celltrion Inc. a sell rating.
Nomura Securities Co analyst Cara Song initiated coverage on both Celltrion and Celltrion Healthcare Co in a report dated January 16, recommending investors sell the stocks as both have been trading at a “significant premium” to their five-year historical average price-to-earnings ratio compared to their peers.
Incheon-based Celltrion’s rally nudged past Hyundai Motor Co, South Korea’s largest automaker, to become the third-biggest company by value on the country’s stock

)