Zacks Investment Research upgraded shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) from a hold rating to a buy rating in a research note published on Saturday. They currently have $20.00 price objective on the stock.

According to Zacks, “Shin-Etsu Chemical Co., Ltd. is engaged in the production and distribution of polyvinyl chloride and silicon wafers. The Company’s products include of polyvinyl chloride, silicones, rare earths, rare earth magnets, epoxy molding compounds, synthetic Quartz, semiconductor silicon and cellulose derivatives. Shin-Etsu Chemical Co., Ltd. is headquartered in Tokyo, Japan. “

Shin-Etsu Chemical (OTCMKTS:SHECY) opened at 17.47 on Friday. Shin-Etsu Chemical has a 12-month low of $11.59 and a 12-month high of $18.40. The stock’s 50 day moving average price is $17.71 and its 200 day moving average price is $15.59. The company has a market cap of $29.77 billion, a PE ratio of 19.74 and a beta of 0.92.

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