Sinopec Shanghai Petrochemical Co. (SHI) Given Consensus Recommendation of “Hold” by Analysts

Sinopec Shanghai Petrochemical Co. (NYSE:SHI) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.

A number of equities research analysts recently weighed in on SHI shares. Zacks Investment Research lowered shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 26th. ValuEngine lowered shares of Sinopec Shanghai Petrochemical from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group downgraded shares of Sinopec Shanghai Petrochemical from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 10th.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Sinopec Shanghai Petrochemical by 6.3% in the 4th quarter. BlackRock Inc. now owns 69,413 shares of the oil and gas company’s stock valued at $2,996,000 after acquiring an additional 4,111 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Sinopec Shanghai Petrochemical by 8.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 5,372 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 436 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Sinopec Shanghai Petrochemical in the 4th quarter valued at $110,000. Bank of Montreal Can boosted its holdings in shares of Sinopec Shanghai Petrochemical by 6.3% in the 4th quarter. Bank of Montreal Can now owns 8,259 shares of the oil and gas company’s stock valued at $357,000 after acquiring an additional 488 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Sinopec Shanghai Petrochemical by 1,512.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,580 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 1,482 shares during the period. 1.94% of the stock is currently owned by institutional investors.



Shares of NYSE:SHI traded down $0.62 on Monday, reaching $47.16. The company’s stock had a trading volume of 26,400 shares, compared to its average volume of 42,004. Sinopec Shanghai Petrochemical has a 52-week low of $42.01 and a 52-week high of $74.09. The stock has a market capitalization of $5.16 billion, a P/E ratio of 5.61 and a beta of 1.14.

Sinopec Shanghai Petrochemical Company Profile

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People's Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products.

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