News headlines about Sinopec Shanghai Petrochemical (NYSE:SHI) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sinopec Shanghai Petrochemical earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 44.9335825158111 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Sinopec Shanghai Petrochemical (NYSE:SHI) opened at $61.32 on Friday. Sinopec Shanghai Petrochemical has a 12-month low of $50.67 and a 12-month high of $64.80. The firm has a market capitalization of $10,020.00, a P/E ratio of 7.94 and a beta of 0.56.
Separately, Zacks Investment Research raised Sinopec Shanghai Petrochemical from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy”.
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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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