Zacks Investment Research upgraded shares of China Shenhua Energy (OTCMKTS:CSUAY) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $12.00 target price on the stock.
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. “
CSUAY stock opened at $10.25 on Wednesday. China Shenhua Energy has a 1-year low of $8.47 and a 1-year high of $13.34. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $52,309.70, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of -0.87 and a beta of 1.14.
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.
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