AZ Electronic Materials SA (LON:AZEM) was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 403.50 ($6.61) price target on the stock, up from their previous price target of GBX 315 ($5.16). Deutsche Bank’s price objective would indicate a potential upside of 1.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of AZ Electronic Materials SA to a “hold” rating in a research note to investors on Thursday. They now have a GBX 404 ($6.61) price target on the stock, up previously from GBX 354 ($5.80). Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of AZ Electronic Materials SA in a research note to investors on Thursday. They now have a GBX 400 ($6.55) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 358.53 ($5.87).
Shares of AZ Electronic Materials SA (LON:AZEM) opened at 398.00 on Friday. AZ Electronic Materials SA has a 52 week low of GBX 235.10 and a 52 week high of GBX 411.60. The stock’s 50-day moving average is GBX 274. and its 200-day moving average is GBX 305.4.
AZ Electronic Materials SA (LON:AZEM) is a producer and supplier of specialty chemical materials.
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