Green Dragon Gas Ltd. (LON:GDG) had its price objective upped by Peel Hunt from GBX 561 ($7.32) to GBX 593 ($7.74) in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 157.83% from the company’s previous close.
Green Dragon Gas (LON:GDG) opened at 230.00 on Tuesday. Green Dragon Gas has a 52 week low of GBX 196.00 and a 52 week high of GBX 300.10. The company’s 50-day moving average price is GBX 240.44 and its 200 day moving average price is GBX 251.17. The company’s market capitalization is GBX 358.97 million.
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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