Zacks Investment Research upgraded shares of China Shenhua Energy – (NASDAQ:CSUAY) from a hold rating to a buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $11.00 price objective 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. “
Shares of China Shenhua Energy – (NASDAQ:CSUAY) opened at 9.88 on Thursday. The company has a market capitalization of $49.13 billion and a price-to-earnings ratio of 8.12. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.43. China Shenhua Energy – has a 1-year low of $7.18 and a 1-year high of $10.55.
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China Shenhua Energy – Company Profile
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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