Arkema SA (OTCMKTS:ARKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, October 17th. The brokerage currently has a $137.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.19% from the stock’s current price.
According to Zacks, “Arkema SA is engaged in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products. Vinyl products include chlorine or caustic soda, pipes and profiles, PVC, and vinyl compounds. Industrial chemicals include emulsion systems, fluorochemicals, hydrogen peroxide, PMMA and methacrylics, specialty acrylic polymers and thiochemicals. Performance products include functional additives, specialty chemicals and technical polymers. The Company’s products can be used for various purposes including air conditioning or refrigeration; chemical processing, coating, construction; packaging; automotive & transportation. Its products, also find their application in adhesives and sealants, agriculture & agrochemicals, consumer goods, electronics, foams, solvents and aerosols market, health, hygiene & beauty, oil & gas, energy, pharmaceuticals, pulp & paper, rubber market, sports & leisure, etc. Arkema SA is headquartered in France. “
Other research analysts also recently issued reports about the stock. Citigroup Inc. raised shares of Arkema SA from a “neutral” rating to a “buy” rating in a research report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Arkema SA in a report on Tuesday, August 8th.
Shares of Arkema SA (OTCMKTS:ARKAY
) opened at 125.47 on Tuesday. Arkema SA has a 12 month low of $92.55 and a 12 month high of $125.67. The firm has a market capitalization of $9.50 billion, a P/E ratio of 16.56 and a beta of 1.21. The firm’s 50-day moving average is $120.23 and its 200 day moving average is $111.47.
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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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