Canaccord Genuity Maintains a 'Hold' on GLG Life Tech (GLGL); In Holding Pattern Awaiting ANOC Ramp

Canaccord Genuity maintains a 'Hold' on GLG Life Tech Corporation (NASDAQ: GLGL) price target of $2.00.

Canaccord analyst, Scott Van Winkle, said, 'A significant opportunity for stevia-sweetened beverages and packaged foods in China is rapidly developing and looks promising. We see significant revenue growth in China...Reducing F2011 rev/EPS estimates to $31.4M/($1.20) from $58.6M/($0.97) on lower AN0C sales and pushing back of China Sugar Reserve expectations. F2012E EPS lowered to $106.6M/($0.26) from $171.2M/$0.00."

For an analyst ratings summary and ratings history on GLG Life Tech Corporation click here. For more ratings news on GLG Life Tech Corporation click here.

Shares of GLG Life Tech Corporation closed at $2.01 yesterday.

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