China Petroleum & Chemical Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:SNP)
Shares of China Petroleum & Chemical Corp (NYSE:SNP) have received an average rating of “Hold” from the eight ratings firms that are covering the company, Stock Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $99.74.
A number of research firms have recently commented on SNP. Analysts at Jefferies Group downgraded shares of China Petroleum & Chemical Corp from a “hold” rating to an “underperform” rating in a research note on Tuesday. Separately, 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. Finally, 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.
China Petroleum & Chemical Corp (NYSE:SNP) opened at 100.90 on Friday. China Petroleum & Chemical Corp has a 52-week low of $71.63 and a 52-week high of $103.93. The stock’s 50-day moving average is $97.68 and its 200-day moving average is $91.68. The company has a market cap of $117.8 billion and a P/E ratio of 10.97.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.