Nissan Chemical Industries, Ltd. (NNCHY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Nissan Chemical Industries, Ltd. (NASDAQ:NNCHY) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. Zacks Investment Research currently has $34.00 target price on the stock.

According to Zacks, “Nissan Chemical Industries, Ltd. engaged in the manufacture and sale of industrial chemicals. Its operating segments include Chemicals, Functional Materials, Agrochemicals, Pharmaceuticals, Wholesale Business and Others. The Chemicals segment deals with fine and basic chemicals which consists of melamine, sulfuric and nitric acid, ammonia and epoxy compound. The Functional Materials segment produces display, semiconductor and inorganic materials. The Agrochemicals segment markets herbicides, insecticides and fungicide. The Pharmaceuticals segment offers anti-cholesterol agent and custom chemicals. The Wholesale Business segment handles chemical trading. The Others segment includes fertilizers, transportation, landscaping and engineering. Nissan Chemical Industries, Ltd is headquartered in Tokyo, Japan. “

Nissan Chemical Industries (NNCHY) opened at 35.78 on Friday. Nissan Chemical Industries has a one year low of $29.59 and a one year high of $35.87. The company has a market cap of $5.43 billion and a P/E ratio of 25.34. The company has a 50-day moving average of $20.63 and a 200 day moving average of $20.63.

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