Akzo Nobel Price Target Increased to $57.00 by Analysts at Deutsche Bank (AKZOY)
Deutsche Bank upped their price target on shares of Akzo Nobel (PINK:AKZOY) from $54.00 to $57.00 in a research note issued on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 141.73% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Akzo Nobel from $46.00 to $50.00 in a research note to investors on Tuesday, October 22nd. They now have a “neutral” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Akzo Nobel from $50.00 to $51.00 in a research note to investors on Tuesday, October 22nd. They now have an “equal weight” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.00.
Shares of Akzo Nobel (PINK:AKZOY) traded down 0.25% during mid-day trading on Tuesday, hitting $23.58. 18,069 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 $17.143 billion and a P/E ratio of 23.33.
Akzo Nobel NV is a Netherlands-based manufacturer of paints, coatings and specialty chemicals. The Company operates three business segments: Specialty Chemicals, Performance Coatings and Decorative Paints.
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