China Petroleum and Chemical Upgraded by TheStreet to “Buy” (SNP)
China Petroleum and Chemical (NYSE:SNP) was upgraded by investment analysts at TheStreet to a “buy” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports.
Shares of China Petroleum and Chemical (NYSE:SNP) traded down 1.00% during mid-day trading on Wednesday, hitting $76.23. 143,256 shares of the company’s stock traded hands. China Petroleum and Chemical has a 1-year low of $64.7615 and a 1-year high of $94.4692. The stock has a 50-day moving average of $83.17 and a 200-day moving average of $78.20. The company has a market cap of $88.810 billion and a P/E ratio of 8.02.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group upgraded shares of China Petroleum and Chemical from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, November 12th. Analysts at Zacks downgraded shares of China Petroleum and Chemical from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $85.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. China Petroleum and Chemical currently has an average rating of “Buy” and a consensus price target of $85.00.
China Petroleum & Chemical Corporation (NYSE:SNP) is a China-based energy and chemical company.
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