Media stories about Sinopec Shanghai Petrochemical (NYSE:SHI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinopec Shanghai Petrochemical earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 44.8353684152537 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Sinopec Shanghai Petrochemical stock traded down $0.65 on Thursday, hitting $60.32. The stock had a trading volume of 20,961 shares, compared to its average volume of 35,926. The company has a market cap of $6,723.00, a price-to-earnings ratio of 7.42 and a beta of 0.65. Sinopec Shanghai Petrochemical has a 1-year low of $50.67 and a 1-year high of $64.43.
Several equities analysts have recently issued reports on SHI shares. Zacks Investment Research upgraded Sinopec Shanghai Petrochemical from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine cut Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Citigroup upgraded Sinopec Shanghai Petrochemical from a “sell” rating to a “buy” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $71.00.
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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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