Akzo Nobel (AMS:AKZA) has been given a €89.00 ($103.49) price objective by research analysts at Sanford C. Bernstein in a research report issued on Wednesday, October 17th. The firm currently has a “buy” rating on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 11.11% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. UBS Group set a €79.00 ($91.86) price target on shares of Akzo Nobel and gave the company a “neutral” rating in a report on Monday, August 20th. Baader Bank set a €90.00 ($104.65) price target on shares of Akzo Nobel and gave the company a “buy” rating in a report on Wednesday, August 22nd. Goldman Sachs Group set a €103.00 ($119.77) price target on shares of Akzo Nobel and gave the company a “buy” rating in a report on Monday, September 3rd. Deutsche Bank set a €90.00 ($104.65) price target on shares of Akzo Nobel and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Barclays set a €88.00 ($102.33) target price on shares of Akzo Nobel and gave the stock a “neutral” rating in a research note on Thursday, September 27th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of €91.71 ($106.64).
AKZA traded down €0.54 ($0.63) during trading on Wednesday, reaching €80.10 ($93.14). 748,941 shares of the company’s stock were exchanged, compared to its average volume of 723,019. Akzo Nobel has a fifty-two week low of €71.64 ($83.30) and a fifty-two week high of €83.09 ($96.62).
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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