Akzo Nobel (AKZOY) Coverage Initiated by Analysts at HSBC

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Equities researchers at HSBC started coverage on shares of Akzo Nobel (NASDAQ:AKZOY) in a report released on Friday. The brokerage set a “reduce” rating on the stock.
Several other analysts have also weighed in on AKZOY. Zacks Investment Research lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Credit Suisse Group AG lowered Akzo Nobel from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 21st.
Akzo Nobel (NASDAQ:AKZOY) traded down 1.38% during midday trading on Friday, hitting $22.15. The company had a trading volume of 6,408 shares. 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 $22.24 and a 200 day moving average of $22.17. The firm has a market cap of $16.74 billion and a price-to-earnings ratio of 14.28.

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Akzo Nobel Company Profile
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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