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Peel Hunt reported on Green Dragon Gas Ltd (LON:GDG), reducing its stock price target to 240.00GBX today

In a report issued Thursday October 13, 2016 Peel Hunt lowered the target price of Green Dragon Gas Ltd (LON:GDG) from 561.00GBX to 240.00GBX reporting a possible upside of 0%.

Previously on 10/04/2016, Peel Hunt reported on Green Dragon Gas Ltd (LON:GDG) increased the target price from 561.00GBX to 593.00GBX. At the time, this indicated a possible upside of 1.57%.

Just yesterday Green Dragon Gas Ltd (LON:GDG) traded 0.00% even at 0.00GBX. Green Dragon Gas Ltd’s 50-day moving average is 236.41GBX and its 200-day moving average is 249.24GBX. The last closing price is down -6.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,839 shares of GDG traded hands, up from an average trading volume of 2,810

Recent Performance Chart

Green Dragon Gas Ltd (LON:GDG)

Green Dragon Gas Ltd has with a 52 week low of 196.00GBX and a one year high of 300.10GBX and has a total market value of 0 GBX.

A total of 5 equity analysts have released a research note on GDG. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 8.88GBX.

Brief Synopsis About Green Dragon Gas Ltd (LON:GDG)

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. and PetroChina Company Limited. The Company provides financing and management services to its subsidiaries. It operates through segments, including sale of coal bed methane (CBM) gas, retaining gas stations and corporate. In 2014, the Company's own operation team drilled 11 additional wells, bringing the total number of own wells drilled to 378 by the end of 2014. The additional wells drilled were within Shizhuang South Block.

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