HSBC Upgrades Akzo Nobel to Neutral (AKZOY)
Akzo Nobel (NASDAQ:AKZOY) was upgraded by investment analysts at HSBC from an “underweight” rating to a “neutral” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas downgraded shares of Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 31st. Analysts at Barclays downgraded shares of Akzo Nobel from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Akzo Nobel presently has a consensus rating of “Hold”.
Shares of Akzo Nobel (NASDAQ:AKZOY) opened at 26.08 on Friday. Akzo Nobel has a 52-week low of $18.39 and a 52-week high of $28.08. The stock’s 50-day moving average is $25.18 and its 200-day moving average is $23.14. The company has a market cap of $18.961 billion and a price-to-earnings ratio of 25.13.
Akzo Nobel N.V. (NASDAQ:AKZOY) is a global paints and coatings company and a producer of specialty chemicals.
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