Petronas Gas cut to sell at RHB Research; price target RM15.39

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KUALA LUMPUR (Feb 19): RHB  Research Institute analyst Lim Sin Kiat downgraded the recommendation on Petronas Gas Bhd to sell from neutral.

* Price target (PT) lowered to RM15.39 from RM18.84, implies 15% decrease. Petronas Gas average PT is RM17.98.

* Petronas Gas had 0 buys, 10 holds, 4 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past six months. Forecasts range from RM15 to RM20.10. 

Performance Metrics

* Investors who followed Lim's recommendation received a 0 percent return in the past year, compared with a 7.5 percent return on the shares.