Credit Suisse Raises China Petroleum and Chemical to Neutral (SNP)

By admin | 6 years ago

China Petroleum and Chemical (NYSE: SNP) was upgraded by research analysts at Credit Suisse (NYSE: CS) from an “underperform” rating to a “neutral” rating in a report released on Wednesday.

Shares of China Petroleum and Chemical traded down 0.56% during mid-day trading on Wednesday, hitting $89.45. China Petroleum and Chemical has a one year low of $82.50 and a one year high of $125.36. The company has a market cap of $77.555 billion and a P/E ratio of 7.03.

A number of other analysts have also recently weighed in on SNP. Analysts at Zacks reiterated an “underperform” rating on shares of China Petroleum and Chemical in a research note to investors on Friday, May 4th. They now have a $97.00 price target on the stock. Analysts at Sanford C. Bernstein downgraded shares of China Petroleum and Chemical to a “market perform” rating in a research note to investors on Friday, March 9th.

China Petroleum & Chemical Corporation (Sinopec Corp) is a China-based energy and chemical company. The Company through its subsidiaries engages in oil and gas and chemical operations in the People’s Republic of China (PRC).

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