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Zacks Investment Research disclosed Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI), hiking its price target to $57.00 earlier today

Yesterday Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) traded -0.22% lower at $50.74. The company’s 50-day moving average is $51.03 and its 200-day moving average is $49.14. The last stock close price is up 3.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,998 shares of SHI traded hands, down from an average trading volume of 8,755

Reporting a possible upside of 0.12%, Zacks Investment Research bumped up the target of Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) to $57.00

Recent Performance Chart

Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI)

Sinopec Shanghai Petrochemical Co. (ADR) has 52 week low of $34.37 and a 52 week high of $53.69 with a PE ratio of 7.91 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 1 broker has issued a report on the stock. The consensus target price is $57.63 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 0 analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI)

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. The synthetic fibres segment produces polyester and acrylic fibers, which are used in the textile and apparel industries. The resins and plastics segment produces polyester chips, polyethylene resins and films, polypropylene resins and polyvinyl alcohol (PVA) granules. The intermediate petrochemicals segment produces p-xylene, benzene and ethylene oxide. The petroleum products segment is equipped with crude oil distillation facilities used to produce vacuum and atmospheric gas oils used as feedstock of the Company's downstream processing facilities. The trading of petrochemical products segment is engaged in importing and exporting of petrochemical products.

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