Sinopec Shanghai Petrochemical Co. (SHI) Receives Average Recommendation of “Buy” from Brokerages
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.
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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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