China Petroleum and Chemical ADR Repstng 100 H Ord Shs (NYSE: SNP) was downgraded by investment analysts at Citigroup (NYSE: C) from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.
Separately, analysts at Deutsche Bank (NYSE: DB) upgraded shares of China Petroleum and Chemical ADR Repstng 100 H Ord Shs from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 4th. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of China Petroleum and Chemical ADR Repstng 100 H Ord Shs in a research note to investors on Friday, December 30th. They now have a $111.00 price target on the stock. Also, analysts at Jefferies Group (NYSE: JEF) downgraded shares of China Petroleum and Chemical ADR Repstng 100 H Ord Shs from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 23rd.
China Petroleum & Chemical Corporation (Sinopec Corp) is a China-based energy and chemical company. The Company through its subsidiaries engages in oil and gas and chemical operations in the People’s Republic of China (PRC). Oil and gas operations consist of exploring for, developing and producing crude oil and natural gas; transporting crude oil and natural gas by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas and refined petroleum products. Chemical operations include the manufacture and marketing of a range of chemicals for industrial uses. The Company operates in four business segments: exploration and production segment, refining segment, marketing and distribution segment and chemicals segment, and corporate and others.
China Petroleum and Chemical ADR Repstng 100 H Ord Shs traded down 7.42% on Tuesday, hitting $111.73. China Petroleum and Chemical ADR Repstng 100 H Ord Shs has a 1-year low of $82.50 and a 1-year high of $125.36. The stock has a 50-day moving average of $117.7 and a 200-day moving average of $102.2. The company has a market cap of $96.642 billion and a price-to-earnings ratio of 8.94.
Source:webinquirer.co.uk