Petrochina Stock Rating Upgraded by Deutsche Bank (PTR)
Petrochina (NYSE:PTR) was upgraded by equities researchers at Deutsche Bank to a “buy” rating in a research report issued on Thursday, American Banking & Market News reports.
Shares of Petrochina (NYSE:PTR) traded up 2.62% during mid-day trading on Thursday, hitting $105.33. The stock had a trading volume of 101,229 shares. Petrochina has a 52-week low of $94.75 and a 52-week high of $140.09. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $110.3. The company has a market cap of $196.0 billion and a price-to-earnings ratio of 9.59.
A number of other firms have also recently commented on PTR. Analysts at Goldman Sachs upgraded shares of Petrochina from a “neutral” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at TheStreet downgraded shares of Petrochina from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Petrochina in a research note on Tuesday, February 4th. They now have a $102.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $102.00.
PetroChina Company Limited is an oil and gas producer and seller in the People’s Republic of China (NYSE:PTR).
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