GREEN DRAGON GAS
Cantor Fitzgerald reiterated its “buy” rating on the gas firm after it revealed its GSS 008 well had completed seven years of production with no decline in production rates. The broker said the news demonstrates that the firm can “successfully achieve strong long term production rates”.
Numis reiterated its “add” rating on the manufacturing firm, and said the arrival of a new chief executive “suggests the start of the next chapter” at the company. The broker added that it sees opportunities in the group’s cost base and potentially higher growth synergies.