SHIN ETSU Chem/ADR (SHECY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of SHIN ETSU Chem/ADR (OTCMKTS:SHECY) from a hold rating to a buy rating in a report issued on Thursday morning. Zacks Investment Research currently has $24.00 target price on the basic materials company’s 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. “

Separately, ValuEngine cut shares of SHIN ETSU Chem/ADR from a hold rating to a sell rating in a research note on Wednesday, September 12th.

Shares of SHECY stock opened at $21.81 on Thursday. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 15.47 and a beta of 1.04. SHIN ETSU Chem/ADR has a one year low of $18.01 and a one year high of $30.90.

SHIN ETSU Chem/ADR Company Profile

Shin-Etsu Chemical Co, Ltd. manufactures and sells polyvinyl chloride (PVC), semiconductor devices, silicones, and rare earth magnets worldwide. The company operates through PVC/Chlor-Alkali; Semiconductor Silicon; Silicones; Electronics and Functional Materials; Specialty Chemicals; and Processing, Trading & Specialized Services segments.

Further Reading: Initial Public Offering (IPO)

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