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China Petroleum & Chemical Corp (NYSE:SNP) was downgraded by analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

China Petroleum & Chemical Corp (NYSE:SNP) traded up 0.36% during mid-day trading on Tuesday, hitting $103.415. 62,165 shares of the company’s stock traded hands. China Petroleum & Chemical Corp has a 52 week low of $71.63 and a 52 week high of $103.90. The stock’s 50-day moving average is $97.02 and its 200-day moving average is $91.33. The company has a market cap of $120.8 billion and a price-to-earnings ratio of 11.20.

A number of other firms have also recently commented on SNP. Analysts at Citigroup Inc. downgraded shares of China Petroleum & Chemical Corp from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Zacks upgraded shares of China Petroleum & Chemical Corp from an “underperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $99.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of China Petroleum & Chemical Corp from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $99.74.

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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