Akzo Nobel (AKZOY) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
A number of other equities analysts have also recently weighed in on AKZOY. Credit Suisse Group AG cut Akzo Nobel from an outperform rating to a neutral rating in a report on Thursday, July 21st. HSBC initiated coverage on Akzo Nobel in a research report on Friday, September 16th. They issued a reduce rating for the company.
Shares of Akzo Nobel (NASDAQ:AKZOY) opened at 22.43 on Tuesday. Akzo Nobel has a 52-week low of $18.73 and a 52-week high of $24.45. The firm has a market cap of $16.95 billion and a price-to-earnings ratio of 14.53. The firm has a 50-day moving average price of $22.34 and a 200-day moving average price of $22.26.
About Akzo Nobel
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company operates in business areas, such as include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. Its Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes.
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