Sinopec Shanghai Petrochemical (SHI) Receives Coverage Optimism Score of 0.28
Headlines about Sinopec Shanghai Petrochemical (NYSE:SHI) have trended positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. 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 news impact score of 0.28 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 44.180616079036 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Sinopec Shanghai Petrochemical (NYSE:SHI) traded down $0.49 on Friday, hitting $58.50. The company’s stock had a trading volume of 35,378 shares, compared to its average volume of 49,538. The company has a market capitalization of $6,318.00, a price-to-earnings ratio of 7.20 and a beta of 0.63. Sinopec Shanghai Petrochemical has a 52-week low of $50.67 and a 52-week high of $64.80.
Several analysts have issued reports on SHI shares. Zacks Investment Research upgraded Sinopec Shanghai Petrochemical from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 28th. ValuEngine lowered Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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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