News stories about SINOPEC Shangai Petrochemical (NYSE:SHI) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SINOPEC Shangai Petrochemical earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 45.5926407066082 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Instinet upgraded shares of SINOPEC Shangai Petrochemical from a “reduce” rating to a “neutral” rating in a research note on Wednesday, August 9th. Nomura upgraded shares of SINOPEC Shangai Petrochemical to a “neutral” rating in a research note on Thursday, August 3rd. Citigroup Inc. downgraded shares of SINOPEC Shangai Petrochemical from a “neutral” rating to a “sell” rating in a research note on Thursday, June 1st. Finally, Zacks Investment Research downgraded shares of SINOPEC Shangai Petrochemical from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $66.00.

Shares of SINOPEC Shangai Petrochemical (NYSE SHI) opened at 61.54 on Thursday. SINOPEC Shangai Petrochemical has a 1-year low of $48.82 and a 1-year high of $64.80. The stock has a 50 day moving average of $59.79 and a 200-day moving average of $57.33. The firm has a market capitalization of $6.65 billion, a P/E ratio of 8.10 and a beta of 0.48.

WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact SINOPEC Shangai Petrochemical (SHI) Stock Price” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/14/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-sinopec-shangai-petrochemical-shi-stock-price.html.

About SINOPEC Shangai Petrochemical

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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