China Carbon Graphite Group, Inc.
China Carbon, through its affiliate, Xingyong Carbon Co., Ltd., manufactures carbon and graphite based products in China. The company is the largest wholesale supplier of fine grain and high purity graphite in China.
See more information about China Carbon Graphite Group, Inc.
Crystal Equity Research gives China Carbon Graphite Group a Buy rating and price target of US$3.40
Crystal Equity Research has given China Carbon Graphite Group (OTC:CHGI) a Speculative Buy rating and a price target of US$3.40 a share over the next twelve to eighteen months.
Crystal prepared a 23 page analyst report on initiating coverage with CHGI. The report projects earnings per share of $.20 for 2009 and $.34 a share for 2010.
The Company's current book value is $36.7 million or $2.61 per share.
The reports "Outlook" of the company is as follows:
"We believe successful completion of a planned capacity expansion is a 'game changer' for the Company and could lead to a significant increase in revenues and earnings in the next year."
The entire report may be viewed here.
