Research analysts at The Goldman Sachs Group assumed coverage on shares of China Gas (OTCMKTS:CGHLY) in a research note issued on Sunday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, JPMorgan Chase & Co. upgraded shares of China Gas from a “neutral” rating to an “overweight” rating in a research note on Friday, September 4th.
Shares of China Gas stock opened at $87.33 on Friday. The company’s fifty day simple moving average is $79.43 and its 200-day simple moving average is $79.41. China Gas has a 1-year low of $65.69 and a 1-year high of $107.25.
China Gas Holdings Limited, an investment holding company, operates as a gas operator and service provider in the People's Republic of China and Hong Kong. The company invests in, constructs, operates, and maintains city and town gas pipeline infrastructure facilities, gas terminals, storage and transportation facilities, and gas logistics systems; transmits natural gas and liquefied petroleum gas (LPG) to residential, industrial, and commercial customers; constructs and operates compressed natural gas/liquefied natural gas refilling stations; and develops and applies technologies related to natural gas and LPG.
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