Arkema SA (OTCMKTS:ARKAY) Cut to “Neutral” at Goldman Sachs Group, Inc. (The)
Arkema SA (OTCMKTS:ARKAY) was downgraded by Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
ARKAY has been the topic of several other reports. Zacks Investment Research upgraded Arkema SA from a “hold” rating to a “strong-buy” rating and set a $132.00 target price on the stock in a research note on Tuesday, July 18th. Citigroup Inc. upgraded Arkema SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 3rd.
Arkema SA (ARKAY) traded up 0.85% during mid-day trading on Wednesday, hitting $115.20. The stock had a trading volume of 2,121 shares. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 16.08 and a beta of 1.25. Arkema SA has a 52 week low of $83.82 and a 52 week high of $116.15.
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Arkema SA Company Profile
Arkema SA is a chemical producer, which provides specialty chemicals and advanced materials. The Company manufactures a range of products for industries, including construction, packaging, chemical, automotive, electronics, food and pharmaceutical industries. The Company operates through three business segments: High Performance Materials, Industrial Specialties and Coating Solutions.
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