Evercore ISI initiated coverage on shares of Akzo Nobel (NASDAQ:AKZOY) in a research report released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.
Separately, Zacks Investment Research raised shares of Akzo Nobel from a strong sell rating to a hold rating in a research note on Tuesday, January 31st.
Shares of Akzo Nobel (NASDAQ:AKZOY) traded down 0.35% during mid-day trading on Monday, hitting $22.79. 42,624 shares of the stock traded hands. The company has a market cap of $17.22 billion and a price-to-earnings ratio of 15.51. Akzo Nobel has a 52 week low of $18.73 and a 52 week high of $24.45. The stock has a 50-day moving average of $21.92 and a 200-day moving average of $21.82.
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About Akzo Nobel
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company operates in business areas, such as include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. Its Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes.
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