Akzo Nobel PT Raised to $49.00 at HSBC (AKZOY)
Equities researchers at HSBC boosted their target price on shares of Akzo Nobel (PINK:AKZOY) from $46.00 to $49.00 in a research report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has an “underweight” rating on the stock. HSBC’s target price suggests a potential upside of 107.80% from the stock’s previous close.
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 one year low of $16.86 and a one year high of $23.58. The stock has a 50-day moving average of $20.6 and a 200-day moving average of $20.72. The company has a market cap of $17.143 billion and a P/E ratio of 23.33.
AKZOY has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “buy” rating on shares of Akzo Nobel in a research note to investors on Tuesday, October 22nd. They now have a $60.00 price target on the stock, up previously from $52.00. Separately, analysts at S&P Equity Research raised their price target on shares of Akzo Nobel from $45.00 to $55.00 in a research note to investors on Tuesday, October 22nd. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Akzo Nobel from $42.00 to $45.00 in a research note to investors on Tuesday, October 22nd. They now have a “conviction sell list” rating on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Akzo Nobel currently has a consensus rating of “Hold” and an average target price of $54.00.
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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