China Resources Gas Group (OTCMKTS:CGASY) Upgraded by JPMorgan Chase & Co. to Overweight

JPMorgan Chase & Co. upgraded shares of China Resources Gas Group (OTCMKTS:CGASY) from a neutral rating to an overweight rating in a research note released on Monday morning, FlyOnTheWall reports.

Separately, Sanford C. Bernstein raised shares of China Resources Gas Group from a market perform rating to an outperform rating in a research note on Wednesday, September 13th.

China Resources Gas Group Price Performance

OTCMKTS:CGASY opened at $27.27 on Monday. The company’s 50-day moving average price is $34.91 and its 200-day moving average price is $36.78. China Resources Gas Group has a twelve month low of $26.36 and a twelve month high of $27.27.

China Resources Gas Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 13th. Investors of record on Thursday, September 21st will be given a dividend of $0.1661 per share. The ex-dividend date of this dividend is Wednesday, September 20th.

China Resources Gas Group Company Profile

China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas, and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments.