Home » USA Broker Ratings » SINOPEC Shangai Petrochemical C – Consensus Indicates Potential 13.1% Upside

SINOPEC Shangai Petrochemical C – Consensus Indicates Potential 13.1% Upside

SINOPEC Shangai Petrochemical C with ticker code (SHI) have now 1 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 27 and 27 with a mean TP of 27. Now with the previous closing price of 23.87 this now indicates there is a potential upside of 13.1%. The 50 day MA is 25.33 and the 200 day MA is 26.01. The company has a market capitalisation of $4,766m. You can visit the company’s website by visiting: http://www.spc.com.cn

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People’s Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemical Products, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibres segment produces polyesters, acrylic fibers, and carbon fibers that are primarily used in the textile and apparel industries. The Resins and Plastics segment produces polyester chips that are used to produce polyester fibers, coating, and containers; polyethylene resins and plastics, which are used to produce insulated cables and mulching films, as well as molded products, such as housewares and toys; and polypropylene resins that are used for films and sheets, as well as molded products, such as housewares, toys, consumer electronics, and automobile parts; and PVA granules. The Intermediate Petrochemical Products segment produces p-xylene, benzene, and ethylene oxide, which are used as raw materials in the production of other petrochemicals, resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil distillation facilities that produce vacuum and atmospheric gas oils used as feedstock; and residual oil and low octane gasoline fuels, as well as produces various fuels, such as diesel oil, jet fuel, heavy oil, and liquefied petroleum gas for transportation, industry, and household heating applications. The Trading of Petrochemical Products segment is involved in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People’s Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.

Join us on our new LinkedIn page

Follow us on LinkedIn