Green Dragon Gas Ltd. (GDG) Lowered to Hold at Peel Hunt

Peel Hunt cut shares of Green Dragon Gas Ltd. (LON:GDG) to a hold rating in a research report sent to investors on Thursday. The firm currently has GBX 240 ($2.93) price target on the stock, down from their prior price target of GBX 561 ($6.84).

Green Dragon Gas (LON:GDG) opened at 214.875 on Thursday. The stock’s market capitalization is GBX 335.36 million. Green Dragon Gas has a 12-month low of GBX 196.00 and a 12-month high of GBX 300.10. The firm has a 50-day moving average of GBX 233.47 and a 200-day moving average of GBX 247.59.

Green Dragon Gas Company Profile

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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