Zacks Investment Research upgraded shares of Enn Energy Holding (NASDAQ:XNGSY) from a hold rating to a strong-buy rating in a report released on Wednesday. The brokerage currently has $31.00 target price on the stock.
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. “
Enn Energy Holding (NASDAQ XNGSY) opened at 26.43 on Wednesday. The company has a 50-day moving average price of $23.90 and a 200 day moving average price of $21.62. Enn Energy Holding has a 1-year low of $15.69 and a 1-year high of $28.26. The firm has a market capitalization of $7.15 billion and a P/E ratio of 24.75.
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