AZ Electronic Materials SA Price Target Lowered to GBX 340 at Societe Generale (AZEM)
Equities research analysts at Societe Generale reduced their target price on shares of AZ Electronic Materials SA (LON:AZEM) from GBX 350 ($5.66) to GBX 340 ($5.50) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Societe Generale’s price objective points to a potential upside of 19.30% from the company’s current price.
Shares of AZ Electronic Materials SA (LON:AZEM) traded up 0.21% during mid-day trading on Tuesday, hitting GBX 285.00. 376,774 shares of the company’s stock traded hands. AZ Electronic Materials SA has a one year low of GBX 235.10 and a one year high of GBX 411.60. The stock’s 50-day moving average is GBX 294.1 and its 200-day moving average is GBX 309.1.
AZEM has been the subject of a number of other recent research reports. Analysts at Credit Suisse downgraded shares of AZ Electronic Materials SA to an “underperform” rating in a research note to investors on Friday, October 25th. They now have a GBX 290 ($4.69) price target on the stock, down previously from GBX 330 ($5.34). Separately, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of AZ Electronic Materials SA in a research note to investors on Friday, October 25th. They now have a GBX 270 ($4.37) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of AZ Electronic Materials SA from GBX 350 ($5.66) to GBX 315 ($5.10) in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 351.14 ($5.68).
AZ Electronic Materials SA (LON:AZEM) is a producer and supplier of specialty chemical materials.
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.