AZ Electronic Materials SA Rating Reiterated by Canaccord Genuity (AZEM)
AZ Electronic Materials SA (LON:AZEM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 389 ($6.24) target price on the stock. Canaccord Genuity’s target price indicates a potential upside of 35.87% from the stock’s previous close.
Shares of AZ Electronic Materials SA (LON:AZEM) traded up 2.28% on Friday, hitting GBX 292.82. The stock had a trading volume of 371,939 shares. AZ Electronic Materials SA has a 52 week low of GBX 235.10 and a 52 week high of GBX 411.60. The stock’s 50-day moving average is GBX 309.3 and its 200-day moving average is GBX 317.5.
A number of other analysts have also recently weighed in on AZEM. Analysts at Credit Suisse cut their price target on shares of AZ Electronic Materials SA from GBX 350 ($5.62) to GBX 330 ($5.29) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of AZ Electronic Materials SA in a research note to investors on Tuesday. They now have a GBX 400 ($6.42) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of AZ Electronic Materials SA in a research note to investors on Monday, September 30th. They now have a GBX 350 ($5.62) price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 360.07 ($5.78).
AZ Electronic Materials SA (LON:AZEM) is a producer and supplier of specialty chemical materials.
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