Green Dragon Gas Ltd. (GDG) Rating Lowered to Hold at Peel Hunt
Green Dragon Gas Ltd. (LON:GDG) was downgraded by investment analysts at Peel Hunt to a “hold” rating in a research note issued on Thursday. They currently have a GBX 240 ($2.97) price objective on the stock, down from their previous price objective of GBX 561 ($6.94). Peel Hunt’s target price suggests a potential upside of 3.23% from the company’s previous close.
Green Dragon Gas (LON:GDG) opened at 232.50 on Thursday. Green Dragon Gas has a 12-month low of GBX 196.00 and a 12-month high of GBX 300.10. The company’s market cap is GBX 362.87 million. The stock has a 50 day moving average of GBX 236.41 and a 200 day moving average of GBX 249.24.
Green Dragon Gas Company Profile
Green Dragon Gas Ltd. is a Hong Kong-based investment holding company. The Company, through its subsidiaries, is engaged in the exploration, development and production of coal bed methane in the People’s Republic of China (PRC). The coal bed methane operations in the PRC are conducted through production sharing arrangements with China United Coal Bed Methane Corporation Ltd.
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