Shares of SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings 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 company. ValuEngine raised SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Friday. BidaskClub raised SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Instinet raised SINOPEC Shangai Petrochemical from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 9th. Citigroup Inc lowered SINOPEC Shangai Petrochemical from a “neutral” rating to a “sell” rating in a research report on Thursday, June 1st. Finally, Zacks Investment Research lowered SINOPEC Shangai Petrochemical from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 17th.

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SINOPEC Shangai Petrochemical (SHI) traded down 0.06% during trading on Friday, hitting $62.66. The company had a trading volume of 21,284 shares. SINOPEC Shangai Petrochemical has a 1-year low of $48.82 and a 1-year high of $64.80. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 8.35 and a beta of 0.48. The company’s 50 day moving average price is $59.05 and its 200-day moving average price is $57.44.

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC bought a new stake in shares of SINOPEC Shangai Petrochemical in the 2nd quarter worth $147,000. O Shaughnessy Asset Management LLC increased its holdings in shares of SINOPEC Shangai Petrochemical by 11,439.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,231 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 3,203 shares in the last quarter. Citigroup Inc. increased its holdings in shares of SINOPEC Shangai Petrochemical by 120.1% in the 2nd quarter. Citigroup Inc. now owns 3,423 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 1,868 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SINOPEC Shangai Petrochemical in the 1st quarter worth $192,000. Finally, Eagle Asset Management Inc. bought a new stake in shares of SINOPEC Shangai Petrochemical in the 2nd quarter worth $202,000. 1.08% of the stock is owned by institutional investors and hedge funds.

SINOPEC Shangai 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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