Credit Suisse Downgrades New Hope Co. Limited to Underperform (NHC)
New Hope Co. Limited (ASX:NHC) was downgraded by research analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a report released on Thursday, American Banking News reports. They currently have a $125.00 target price on the stock.
New Hope Co. Limited (ASX:NHC) traded up 1.81% on Thursday, hitting A$3.940. The stock had a trading volume of 122,661 shares. New Hope Co. Limited has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock’s 50-day moving average is A$0.0 and its 200-day moving average is A$0.0. The company has a market cap of A$3.298 billion and a price-to-earnings ratio of 43.48.
New Hope Corporation Limited (ASX:NHC) is principally engaged in the coal mining exploration, development, production, processing, associated transport infrastructure and ancillary activities and investments.
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