New Hope (OTCMKTS:NHPEF) Downgraded to Neutral at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of New Hope (OTCMKTS:NHPEF) from a buy rating to a neutral rating in a research note published on Tuesday, The Fly reports. The Goldman Sachs Group currently has $2.50 target price on the stock.

A number of other research firms also recently issued reports on NHPEF. upgraded shares of New Hope from a neutral rating to a buy rating in a research report on Thursday, May 27th. Credit Suisse Group downgraded shares of New Hope from an outperform rating to a neutral rating in a research report on Tuesday, May 25th. Finally, Citigroup upgraded shares of New Hope from a neutral rating to a buy rating in a research report on Thursday, May 27th.

NHPEF stock opened at $1.71 on Tuesday. The firm has a 50 day moving average of $1.46 and a 200-day moving average of $1.23. New Hope has a 12-month low of $0.91 and a 12-month high of $1.71.

New Hope Company Profile

New Hope Corp. Ltd. engages in the exploration of coal. It operates through the following segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The Coal Mining in Queensland segment includes mining related exploration, development, production, processing, transportation, port operations, and marketing.

Featured Story: What are the reasons investors use put options?

The Fly logo

Receive News & Ratings for New Hope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Hope and related companies with MarketBeat.com's FREE daily email newsletter.