Nine Dragons Paper (NASDAQ:NDGPY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $48.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.56% from the company’s previous close.

According to Zacks, “Nine Dragons Paper Holdings Limited is a container board product producer primarily in China and Asia. The Group primarily manufactures and sells linerboard, high performance corrugating medium and coated duplex board. It also produces and sells recycled printing and writing paper and specialty paper. Nine Dragons Paper Holdings Limited is based in Kwun Tong, Hong Kong. “

Nine Dragons Paper (NASDAQ NDGPY) opened at 41.90 on Wednesday. The company has a market cap of $9.79 billion and a PE ratio of 14.65. Nine Dragons Paper has a 52-week low of $16.77 and a 52-week high of $41.42. The firm’s 50 day moving average is $15.58 and its 200 day moving average is $16.22.

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