Brokerages Set Sinopec Shanghai Petrochemical Co. (SHI) Price Target at $71.00
Shares of Sinopec Shanghai Petrochemical Co. (NYSE:SHI) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.
SHI has been the topic of a number of analyst reports. Citigroup raised shares of Sinopec Shanghai Petrochemical from a “sell” rating to a “buy” rating in a research report on Tuesday, February 27th. ValuEngine downgraded shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “hold” rating in a research report on Saturday.
Shares of Sinopec Shanghai Petrochemical stock traded up $2.00 during trading on Tuesday, hitting $62.25. 19,726 shares of the stock were exchanged, compared to its average volume of 36,175. Sinopec Shanghai Petrochemical has a 52-week low of $50.67 and a 52-week high of $64.43. The stock has a market cap of $6,621.48, a P/E ratio of 7.41 and a beta of 0.65.
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.
Receive News & Ratings for Sinopec Shanghai Petrochemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinopec Shanghai Petrochemical and related companies with MarketBeat.com's FREE daily email newsletter.