Societe Generale Reiterates “Buy” Rating for Akzo Nobel (AKZOY)
Akzo Nobel (PINK:AKZOY)‘s stock had its “buy” rating reaffirmed by analysts at Societe Generale in a research report issued to clients and investors on Tuesday, American Banking News.com reports. They currently have a $60.00 price target on the stock, up from their previous price target of $52.00. Societe Generale’s price objective suggests a potential upside of 154.45% from the company’s current price.
Shares of 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 price-to-earnings ratio of 23.33.
A number of other firms have also recently commented on AKZOY. 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. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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