Sinopec Shanghai Petrochemical (NYSE:SHI) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Sinopec Shanghai Petrochemical (NYSE:SHI) from an overweight rating to an underweight rating in a research note published on Monday, June 10th, Briefing.com Automated Import reports. A number of other brokerages have also issued reports on SHI. Zacks Investment Research upgraded shares of Sinopec Shanghai Petrochemical from a sell rating to a buy rating and set a $58.00 price target on the stock in a research note on Saturday, March 23rd. Citigroup upgraded shares of Sinopec Shanghai Petrochemical from a sell rating to a buy rating in a research note on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $58.00.