In a report released yesterday, Johnson Wan from Jefferies maintained a Sell rating on Nine Dragons Paper Holdings (NDGPF – Research Report), with a price target of HK$3.50. The company’s shares closed yesterday at $0.48.
According to TipRanks, Wan is a 2-star analyst with an average return of -1.4% and a 41.18% success rate. Wan covers the Basic Materials sector, focusing on stocks such as Ganfeng Lithium Co, Anhui Conch Cement Company, and China Resources Cement Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Nine Dragons Paper Holdings with a $0.45 average price target.
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The company has a one-year high of $1.03 and a one-year low of $0.43. Currently, Nine Dragons Paper Holdings has an average volume of 23.9K.
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Nine Dragons Paper Holdings (NDGPF) Company Description:
Nine Dragons Paper Holdings Ltd. engages in the manufacture and sale of packaging paper, recycled printing and writing paper in China. It produces and sells kraft liner board, test liner board and white top liner board; and corrugating medium and coated duplex board. It also offers uncoated woodfree paper and office paper. The company was founded on August 17, 2005 and is headquartered in Hong Kong.
