Green Dragon Gas Ltd. (LON:GDG) had its price target reduced by Peel Hunt from GBX 240 ($3.13) to GBX 150 ($1.96) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 127.27% from the stock’s previous close.

Shares of Green Dragon Gas (GDG) opened at 66.00 on Friday. The company’s 50-day moving average is GBX 68.38 and its 200-day moving average is GBX 107.89. Green Dragon Gas has a 12 month low of GBX 63.00 and a 12 month high of GBX 278.00. The stock’s market capitalization is GBX 103.01 million.

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About Green Dragon Gas

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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