Akzo Nobel Downgraded by ING Group to “Hold” (AKZOY)
Akzo Nobel (NASDAQ:AKZOY) was downgraded by equities research analysts at ING Group from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
AKZOY has been the subject of a number of other recent research reports. Analysts at Macquarie downgraded shares of Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. Separately, analysts at HSBC downgraded shares of Akzo Nobel from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, August 28th. Finally, analysts at Berenberg Bank downgraded shares of Akzo Nobel from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 5th. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Akzo Nobel currently has an average rating of “Hold”.
Shares of Akzo Nobel (NASDAQ:AKZOY) traded down 0.13% on Thursday, hitting $23.64. 16,963 shares of the company’s stock traded hands. Akzo Nobel has a 52 week low of $16.86 and a 52 week high of $23.58. The stock’s 50-day moving average is $20.6 and its 200-day moving average is $20.72. The company has a market cap of $17.187 billion and a price-to-earnings ratio of 23.36.
Akzo Nobel N.V. (NASDAQ:AKZOY) is a global paints and coatings company and a producer of specialty chemicals.
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