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China Petroleum & Chemical Corp (ADR) (NYSE:SNP) was upgraded by equities researchers at BofA Merrill Lynch from an “underperform” rating to a “neutral” rating in a research report issued on Saturday, Analyst Ratings Net reports. The firm currently has a $100.47 price target on the stock. BofA Merrill Lynch’s target price suggests a potential upside of 10.32% from the stock’s previous close.

China Petroleum & Chemical Corp (NYSE:SNP) opened at 91.07 on Friday. China Petroleum & Chemical Corp has a one year low of $64.7615 and a one year high of $95.68. The stock has a 50-day moving average of $90.20 and a 200-day moving average of $84.48. The company has a market cap of $106.3 billion and a price-to-earnings ratio of 11.04.

SNP has been the subject of a number of other recent research reports. Analysts at Bank of America upgraded shares of China Petroleum & Chemical Corp (ADR) from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Separately, analysts at Zacks reiterated an “underperform” rating on shares of China Petroleum & Chemical Corp (ADR) in a research note on Monday, April 21st. They now have a $82.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of China Petroleum & Chemical Corp (ADR) in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. China Petroleum & Chemical Corp (ADR) has an average rating of “Buy” and an average target price of $91.24.

China Petroleum & Chemical Corporation is an energy and chemical company. It operates its businesses through four segments: exploration and production segment, which involves in exploration and mining of original oil and natural gas; oil refining segment, which involves in processing of original oil and production of oil products; marketing and distribution segment, which involves in distribution, wholesaling and retailing of gasoline, diesel oil, kerosene and fuel oil, as well as chemical segment, which involves in manufacture and distribution of petrochemical products and inorganic chemical products.

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