Koninklijke DSM (RDSMY) Lifted to “Hold” at Zacks Investment Research
Koninklijke DSM (NASDAQ:RDSMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
Separately, HSBC Holdings plc initiated coverage on shares of Koninklijke DSM in a research note on Friday, September 1st. They issued a “buy” rating on the stock.
Koninklijke DSM (NASDAQ:RDSMY) opened at 20.898 on Wednesday. The firm has a 50 day moving average price of $19.81 and a 200 day moving average price of $18.62. Koninklijke DSM has a 12-month low of $14.50 and a 12-month high of $20.94. The company has a market cap of $14.62 billion and a PE ratio of 17.250.
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Koninklijke DSM Company Profile
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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