China Resources Power (OTCMKTS:CRPJY) Downgraded by Jefferies Financial Group to “Strong Sell”

China Resources Power (OTCMKTS:CRPJY) was downgraded by research analysts at Jefferies Financial Group from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Sunday,Zacks.com reports.

Separately, Zacks Research lowered China Resources Power from a “hold” rating to a “strong sell” rating in a research 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. According to MarketBeat, the company has an average rating of “Reduce”.

China Resources Power Stock Performance

Shares of OTCMKTS:CRPJY opened at $35.39 on Friday. China Resources Power has a 1 year low of $33.45 and a 1 year high of $38.20. The business has a 50 day simple moving average of $35.65 and a two-hundred day simple moving average of $35.98.

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.