China Gas Holdings Limited (CGHLY) Seems to Be a Stock That Jefferies Is a Bit Wary of; Firm Downgrades Shares

China Gas Holdings Limited (CGHLY) Receives a Downgrade

In a report issued on Wednesday, 28 November, Jefferies downgraded their rating for shares of China Gas Holdings Limited (CGHLY) to a Sell.

The stock increased 3.14% or $2.56 during the last trading session, reaching $84.1. About 453 shares traded. China Gas Holdings Limited (CGHLY) has 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

China Gas Holdings Limited, an investment holding company, operates as a gas operator and service well-known provider in the People's Republic of China and Hong Kong. The company has market cap of $16.73 billion. It operates through Sales of Piped Gas, Gas Connection, Sales of LPG, Value-Added Services, and Zhongyu Gas divisions. It has a 21.99 P/E ratio. The firm is primarily involved in the investment, construction, and operation of city and town gas pipeline infrastructure, gas terminals, storage and transportation facilities, and gas logistics systems; transmission of natural gas and liquefied petroleum gas to residential, industrial, and commercial users; construction and operation of compressed natural gas (CNG)/liquefied natural gas (LNG) refilling stations; and development and application of technologies relating to natural gas and LPG.

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