China Shenhua Energy – (CSUAY) Upgraded by Zacks Investment Research to “Buy”
China Shenhua Energy – (NASDAQ:CSUAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $11.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.87% from the company’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 – (CSUAY) traded down 2.03% during midday trading on Friday, reaching $9.66. The company’s stock had a trading volume of 12,124 shares. The stock has a market capitalization of $48.03 billion and a price-to-earnings ratio of 7.87. China Shenhua Energy – has a 52-week low of $7.18 and a 52-week high of $10.55. The firm has a 50-day moving average price of $9.91 and a 200 day moving average price of $9.47.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/15/china-shenhua-energy-csuay-upgraded-by-zacks-investment-research-to-buy.html.
About China Shenhua Energy –
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for China Shenhua Energy - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Shenhua Energy - and related companies with MarketBeat.com's FREE daily email newsletter.