Beijing Enterprises Holdings Ltd (BJINY) Lifted to Buy at Zacks Investment Research

Beijing Enterprises Holdings Ltd (NASDAQ:BJINY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $60.00 target price on the stock.

According to Zacks, “Beijing Enterprises Holdings Limited engages in the distribution and sale of natural gas in the People’s Republic of China. Its city gas segment is a natural gas supplier and service provider. Water and environment-related services are a key component of Beijing Enterprises Holdings Ltd. These include investments, design, construction and operational management as well as production of key equipment and facilities and related overall engineering works. The toll road business is made up of three major highways, including the Beijing Capital International Airport Expressway, Airport North Freeway and Shenzhen Guanshun Road. The beer business is an important revenue centre for Beijing Enterprises Holdings. The technology business of Beijing Holdings is comprised of a combination of electronic payment and information technology, with a portfolio of investments in solid waste disposal, environment-related services and technology incubation. Beijing Enterprises Holdings Limited is based in Wanchai, Hong Kong. “

Shares of Beijing Enterprises Holdings (NASDAQ BJINY) traded up 3.37% during mid-day trading on Tuesday, hitting $54.98. The stock had a trading volume of 100 shares. Beijing Enterprises Holdings has a 12-month low of $42.95 and a 12-month high of $55.76. The stock has a market cap of $6.94 billion and a P/E ratio of 8.74. The company’s 50 day moving average price is $52.96 and its 200 day moving average price is $51.10.

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About Beijing Enterprises Holdings

Beijing Enterprises Holdings Limited is principally engaged in gas, brewery and sewage treatment businesses. The Company has four segments. The Piped Gas Operation distributes and sells piped natural gas, provides natural gas transmission, gas technology consultation and development services, surveys and plots underground construction projects, constructs and installs gas pipelines and related equipment, and provides repairs and maintenance services.

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