Sinopec Shanghai Petrochemical Co. (NYSE:SHI) Receives Consensus Recommendation of “Hold” from Brokerages

News Snapshot:

Sinopec Shanghai Petrochemical Co. (NYSE:SHI) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. Several equities research analysts have weighed in on SHI shares. Zacks Investment Research upgraded Sinopec Shanghai Petrochemical from a “sell” rating to a “hold” rating in a report on Wednesday, July 1st. HSBC cut Sinopec Shanghai Petrochemical from a “hold” rating to a “reduce” rating in a research note on Monday, June 1st. Finally, ValuEngine...