China Petroleum and Chemical Downgraded to Neutral at Nomura (SNP)

Nomura cut shares of China Petroleum and Chemical (NYSE: SNP) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning.

Separately, analysts at Zacks downgraded shares of China Petroleum and Chemical from a neutral rating to an underperform rating in a research note to investors on Tuesday, January 22nd. They now have a $108.00 price target on the stock.

China Petroleum and Chemical traded down 0.40% on Thursday, hitting $115.61. China Petroleum and Chemical has a 52-week low of $82.51 and a 52-week high of $122.81. The stock’s 50-day moving average is currently $115.2. The company has a market cap of $100.5 billion and a price-to-earnings ratio of 12.09.

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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