Sinopec Shanghai Petrochemical Company Limited (SHI) Reaches $64.80 52-Week High; St Germain D J Co Lowered Bank Of Montreal (BMO) Stake

April 17, 2018 - By Kurt Siggers

Bank of Montreal (NYSE:BMO) Logo

The stock of Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) hit a new 52-week high and has $68.69 target or 6.00% above today’s $64.80 share price. The 6 months bullish chart indicates low risk for the $7.78 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $68.69 price target is reached, the company will be worth $466.98 million more. The stock increased 1.66% or $1.06 during the last trading session, reaching $64.8. About 10,929 shares traded. Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) has risen 7.42% since April 17, 2017 and is uptrending. It has underperformed by 4.13% the S&P500.

St Germain D J Co Inc decreased Bank Of Montreal (BMO) stake by 1.82% reported in 2017Q4 SEC filing. St Germain D J Co Inc sold 4,120 shares as Bank Of Montreal (BMO)’s stock declined 5.54%. The St Germain D J Co Inc holds 222,364 shares with $17.79 million value, down from 226,484 last quarter. Bank Of Montreal now has $46.77B valuation. The stock decreased 0.01% or $0.01 during the last trading session, reaching $75.69. About 93,099 shares traded. Bank of Montreal (NYSE:BMO) has risen 0.84% since April 17, 2017 and is uptrending. It has underperformed by 10.71% the S&P500.

Among 2 analysts covering Shanghai Petrochemical (NYSE:SHI), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Shanghai Petrochemical had 3 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup on Thursday, June 1 to “Sell”. JP Morgan upgraded the stock to “Neutral” rating in Monday, August 31 report. The company was upgraded on Tuesday, April 12 by JP Morgan.

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, makes and sells petrochemical products in the People's Republic of China. The company has market cap of $7.78 billion. The firm operates through five divisions: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. It has a 7.2 P/E ratio. The Synthetic Fibres segment produces polyester, acrylic fibers, and carbon fibers, which are primarily used in the textile and apparel industries.

Among 13 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Bank Of Montreal had 29 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, December 7 the stock rating was upgraded by Canaccord Genuity to “Buy”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, September 11 report. TD Securities downgraded Bank of Montreal (NYSE:BMO) on Thursday, May 26 to “Hold” rating. The stock of Bank of Montreal (NYSE:BMO) has “Neutral” rating given on Wednesday, November 23 by Credit Suisse. The stock of Bank of Montreal (NYSE:BMO) has “Sector Perform” rating given on Thursday, May 25 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, December 2 by TD Securities. Credit Suisse downgraded Bank of Montreal (NYSE:BMO) on Tuesday, March 8 to “Neutral” rating. The company was downgraded on Thursday, May 26 by Canaccord Genuity. On Thursday, May 26 the stock rating was downgraded by Scotia Capital to “Sector Perform”. Bank of America reinitiated the stock with “Neutral” rating in Tuesday, November 1 report.

Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Kurt Siggers

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: