Arkema (OTCMKTS:ARKAY) PT Lowered to €98.00 at Berenberg Bank

Arkema (OTCMKTS:ARKAYGet Rating) had its price objective trimmed by Berenberg Bank from €100.00 ($102.04) to €98.00 ($100.00) in a research note published on Tuesday morning, The Fly reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Arkema from €120.00 ($122.45) to €110.00 ($112.24) and set a buy rating for the company in a report on Tuesday, October 4th. Credit Suisse Group decreased their price target on Arkema from €80.00 ($81.63) to €79.00 ($80.61) in a research note on Wednesday, November 16th. Barclays dropped their price objective on Arkema from €131.00 ($133.67) to €126.00 ($128.57) in a report on Monday, November 14th. Morgan Stanley dropped their price target on Arkema from €91.00 ($92.86) to €88.00 ($89.80) and set an underweight rating on the stock in a research note on Wednesday, October 5th. Finally, The Goldman Sachs Group downgraded Arkema from a buy rating to a neutral rating in a research note on Thursday, September 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Arkema has a consensus rating of Hold and a consensus target price of $114.67.

Arkema Stock Down 1.0 %

Shares of OTCMKTS:ARKAY opened at $87.75 on Tuesday. The business’s 50 day moving average is $79.48 and its 200 day moving average is $91.84. Arkema has a 52-week low of $67.88 and a 52-week high of $152.18. The company has a quick ratio of 1.30, a current ratio of 1.90 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.58 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38.

Arkema Company Profile

(Get Rating)

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates through Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates segments. It provides adhesive solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.

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