News Snapshot:
Sinopec Shanghai Petrochemical Co. (NYSE:SHI) has received a consensus recommendation of “Hold†from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. SHI has been the subject of several analyst reports. ValuEngine lowered Sinopec Shanghai Petrochemical from a “sell†rating to a “strong sell†rating in a report on Tuesday, September 1st. HSBC lowered Sinopec Shanghai Petrochemical from a “hold†rating to a “reduce†rating in a report on Monday, June 1st. Finally, Zacks Investment Research...
