Sinopec Shanghai Petrochemical Co. (NYSE:SHI) has received a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a strong buy recommendation on the company.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sinopec Shanghai Petrochemical from a “strong sell” rating to a “hold” rating in a research report on Thursday. ValuEngine raised shares of Sinopec Shanghai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

Sinopec Shanghai Petrochemical (NYSE SHI) traded down $0.45 during trading on Thursday, reaching $57.68. 22,800 shares of the company were exchanged, compared to its average volume of 23,715. The company has a market capitalization of $6,286.68, a P/E ratio of 7.09 and a beta of 0.53. Sinopec Shanghai Petrochemical has a 1-year low of $50.67 and a 1-year high of $64.80.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Group LLC grew its position in shares of Sinopec Shanghai Petrochemical by 7.9% in the 3rd quarter. Renaissance Group LLC now owns 243,026 shares of the oil and gas company’s stock valued at $14,538,000 after acquiring an additional 17,842 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Sinopec Shanghai Petrochemical by 4.7% during the 3rd quarter. Wells Fargo & Company MN now owns 162,784 shares of the oil and gas company’s stock worth $9,738,000 after buying an additional 7,323 shares during the last quarter. AJO LP lifted its stake in shares of Sinopec Shanghai Petrochemical by 84.4% during the 2nd quarter. AJO LP now owns 101,206 shares of the oil and gas company’s stock worth $5,416,000 after buying an additional 46,311 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in shares of Sinopec Shanghai Petrochemical by 19.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 70,217 shares of the oil and gas company’s stock worth $3,757,000 after buying an additional 11,254 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Sinopec Shanghai Petrochemical by 5.8% during the 2nd quarter. Northern Trust Corp now owns 49,225 shares of the oil and gas company’s stock worth $2,635,000 after buying an additional 2,702 shares during the last quarter. 1.34% of the stock is owned by institutional investors.

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Sinopec Shanghai Petrochemical Company Profile

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments.

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