Zacks Investment Research Upgrades ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) to “Buy”
ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a $51.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.72% from the stock’s current price.
According to Zacks, “ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited, operates as a distributor of clean energy in Hong Kong. Its main business portfolio consists of the clean energy distribution including the city pipeline natural gas, LPG (Liquefied Petroleum Gas), vehicle refueling gas (CNG and LPG) and DME (dimethyl ether), the non-pipeline energy delivery, and other value added services on the basis of energy distribution. The Company operates in four divisions: gas connection, sales of piped gas, distributions of bottled liquefied petroleum gas, and sales of gas appliances. ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited is headquartered in Langfang, China. “
Separately, ValuEngine cut ENN ENERGY HOLD/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, April 29th.
Shares of XNGSY stock traded down $0.53 during mid-day trading on Friday, hitting $44.07. 16,894 shares of the company’s stock were exchanged, compared to its average volume of 15,393. ENN ENERGY HOLD/ADR has a fifty-two week low of $30.59 and a fifty-two week high of $49.67. The stock has a 50-day simple moving average of $42.99 and a two-hundred day simple moving average of $43.54.
ENN ENERGY HOLD/ADR Company Profile
ENN Energy Holdings Limited, an investment holding company, engages in the investment in, construction, operation, and management of gas pipeline infrastructures, vehicle and ship refuelling stations, and integrated energy stations in the People’s Republic of China. It operates through Gas Connection, Sales of Piped Gas, Vehicle Gas Refueling Stations, Wholesale of Gas, Sales of Integrated Energy and Services, Sales of Gas Appliances, and Sales of Material segments.
Further Reading: Limitations of the P/E Growth ratio
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