Braskem (NYSE:BAK) Getting Somewhat Positive News Coverage, Report Shows
Headlines about Braskem (NYSE:BAK) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Braskem earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 46.1259730153824 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Technical Insights on Chemicals Stocks — Ashland Global, Braskem, Celanese, and Gevo (markets.businessinsider.com)
- ConocoPhillips Weighs Alaska’s Oil Asset Development Offer – Nasdaq (nasdaq.com)
- Braskem SA (BAK) Closes Above Its Parabolic SAR – Evergreen Caller (evergreencaller.com)
- ConocoPhillips Weighs Alaska's Oil Asset Development Offer (finance.yahoo.com)
- Trading Monitor: Zooming in on Shares of Braskem SA (BAK) – Financial News Review (finnewsreview.com)
Shares of Braskem (BAK) opened at 23.81 on Friday. Braskem has a 12-month low of $13.06 and a 12-month high of $25.68. The company has a 50-day moving average of $22.93 and a 200-day moving average of $21.26.
A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Braskem from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Morgan Stanley upgraded shares of Braskem from an “equal weight” rating to an “overweight” rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Braskem from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Tuesday, June 6th. Finally, ValuEngine upgraded shares of Braskem from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Braskem currently has a consensus rating of “Buy” and an average price target of $21.33.
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Braskem Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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