China Resources Power (OTCMKTS:CRPJY) Cut to Strong Sell at Jefferies Financial Group

Jefferies Financial Group downgraded shares of China Resources Power (OTCMKTS:CRPJY) from a strong-buy rating to a strong sell rating in a report released on Sunday morning,Zacks.com reports.

Separately, Zacks Research lowered shares of China Resources Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

China Resources Power Stock Performance

Shares of CRPJY opened at $35.39 on Friday. China Resources Power has a twelve month low of $33.45 and a twelve month high of $38.20. The firm’s fifty day simple moving average is $35.65 and its 200-day simple moving average is $35.97.

China Resources Power Company Profile

China Resources Power Holdings Company Limited (OTCMKTS: CRPJY) is a leading integrated energy company in the People’s Republic of China. A subsidiary of China Resources (Holdings) Company Limited, the company is primarily engaged in the development, construction and operation of power generation facilities. Its core business activities include generating and selling electricity and steam to industrial, commercial and residential customers.

The company’s generation portfolio encompasses a diverse mix of thermal, gas, hydro, wind and solar power assets.