Green Dragon Gas Ltd. (LON:GDG) was downgraded by investment analysts at Peel Hunt to a “hold” rating in a research note issued on Thursday. They presently have a GBX 240 ($2.97) target price on the stock, down from their prior target price of GBX 561 ($6.94). Peel Hunt’s target price indicates a potential upside of 5.73% from the stock’s previous close.
Shares of Green Dragon Gas (LON:GDG) opened at 230.00 on Thursday. Green Dragon Gas has a 52-week low of GBX 196.00 and a 52-week high of GBX 300.10. The company has a 50 day moving average price of GBX 235.41 and a 200-day moving average price of GBX 249.02. The firm’s market cap 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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