Goldman Sachs Group downgraded shares of Golden Agri-Resources (OTCMKTS:GARPY) from a neutral rating to a sell rating in a report released on Monday morning, The Fly reports.
OTCMKTS GARPY opened at $21.57 on Monday.
Golden Agri-Resources Company Profile
Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in China, Indonesia, India, Rest of Asia, Europe, and internationally. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, cocoa butter substitute, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based bio-fuels; and refined products, including cooking oil, margarine, shortening, butter oil substitute, and fats for end-customers, restaurants, hotels, cafés, and industrial markets.
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