Goldman Sachs Group Inc. Increases Akzo Nobel Price Target to $45.00 (AKZOY)
Analysts at Goldman Sachs Group Inc. raised their target price on shares of Akzo Nobel (PINK:AKZOY) from $42.00 to $45.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “conviction sell list” rating on the stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 90.84% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Akzo Nobel from $54.00 to $57.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.00.
Akzo Nobel (PINK:AKZOY) traded down 0.25% 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.