China Shenhua Energy – (CSUAY) Upgraded to Buy by Zacks Investment Research
China Shenhua Energy – (NASDAQ:CSUAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $11.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.11% from the stock’s current price.
According to Zacks, “China Shenhua Energy Company Limited is engaged in production and sales of coal, railway and port transportation of coal-related materials along with power generation and sales. It operates coal mines, railway network and seaports that are mainly used to transport its coal sales. The Company sells coal primarily to power plants and metallurgical producers. In addition, the company generates and sells coal-based power to provincial/regional electric grid companies. It operates a number of railways including Shenshuo-Shuohuang Railway, Huanghua Port, and Shenhua Tianjin Coal Berth. Moreover, China Shenhua also processes large-scale clean power business on a fast growing basis, which complements the Company’s coal business. China Shenhua Energy Company Limited is headquartered in Beijing, the People’s Republic of China. “
China Shenhua Energy – (NASDAQ:CSUAY) traded up 0.777% on Thursday, hitting $9.725. 12,797 shares of the stock traded hands. The firm has a market cap of $48.36 billion and a price-to-earnings ratio of 7.998. China Shenhua Energy – has a 12-month low of $7.18 and a 12-month high of $10.55. The stock has a 50-day moving average of $9.89 and a 200-day moving average of $9.42.
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China Shenhua Energy – Company Profile
China Shenhua Energy Company Limited is a China-based company, principally engaged in port business. The Company is also engaged in the manufacture and sales of coal and electricity, railway and ship transportation, and coal to olefin (CTO) business. The Company’s main coal products are thermal coal and coking coal.
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