Sinopec Shanghai Petrochemical (NYSE:SHI) Earning Somewhat Positive News Coverage, Analysis Shows

News headlines about Sinopec Shanghai Petrochemical (NYSE:SHI) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sinopec Shanghai Petrochemical earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.1725700400331 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sinopec Shanghai Petrochemical from a “strong sell” rating to a “hold” rating in a report on Thursday, December 28th. ValuEngine lowered shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.00.

Sinopec Shanghai Petrochemical (SHI) traded up $0.29 during mid-day trading on Friday, reaching $56.36. 62,709 shares of the company traded hands, compared to its average volume of 42,935. Sinopec Shanghai Petrochemical has a 1-year low of $50.67 and a 1-year high of $64.80. The firm has a market capitalization of $6,086.88, a price-to-earnings ratio of 6.93 and a beta of 0.62.

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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.

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