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

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

Separately, Zacks Research lowered China Resources Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, China Resources Power presently has a consensus rating of “Reduce”.

China Resources Power Stock Performance

Shares of OTCMKTS CRPJY opened at $35.39 on Friday. The stock has a 50 day moving average price of $35.65 and a 200 day moving average price of $35.98. China Resources Power has a 52-week low of $33.45 and a 52-week high of $38.20.

About China Resources Power

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.