Koninklijke DSM NV (RDSMY) Upgraded by Zacks Investment Research to “Buy”
Koninklijke DSM NV (OTCMKTS:RDSMY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $19.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 13.92% from the stock’s previous close.
According to Zacks, “DSM N V ADR is involved in the Chemicals Industry. Their main focus is on base materials, performance materials, materials processing, base chemicals and fine chemicals and coating resins. They are also involved in the exploration and development of oil and natural gas deposits in the North Sea, as well as the licensing of chemical technology and know-how; in addition the company produces ingredients for bakery products. DSM is a world market leader in a number of products, including caprolactam, melamine and EPDM synthetic rubber. “
Shares of Koninklijke DSM NV (OTCMKTS:RDSMY) traded down 0.83% during mid-day trading on Tuesday, hitting $16.54. The company’s stock had a trading volume of 1,883 shares. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 38.89 and a beta of 1.44. Koninklijke DSM NV has a 52-week low of $11.33 and a 52-week high of $17.88. The stock’s 50 day moving average price is $17.06 and its 200 day moving average price is $15.68.
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About Koninklijke DSM NV
Koninklijke DSM N.V. (Royal DSM) is a global science-based company, engaged in offering health, nutrition and materials. The Company’s segments include Nutrition, Performance Materials, Innovation Center and Corporate Activities. Its Nutrition segment includes DSM Nutritional Products and DSM Food Specialties.
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