In a report released today, James Hooper from Bernstein maintained a Sell rating on Arkema, with a price target of €50.00. The company’s shares closed last Friday at €49.94.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hooper covers the Basic Materials sector, focusing on stocks such as BASF SE, Linde, and Air Products and Chemicals. According to TipRanks, Hooper has an average return of 3.6% and a 58.33% success rate on recommended stocks.
Currently, the analyst consensus on Arkema is a Moderate Buy with an average price target of €67.18.
Based on Arkema’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.4 billion and a net profit of €47 million. In comparison, last year the company earned a revenue of €2.54 billion and had a net profit of €145 million
Read More on GB:0IB0:
Disclaimer & DisclosureReport an Issue
- Arkema price target lowered to EUR 58 from EUR 75 at Berenberg
- Arkema price target lowered to EUR 55 from EUR 65 at JPMorgan
- Arkema price target lowered to EUR 80 from EUR 83 at Citi
- Arkema price target lowered to EUR 65 from EUR 70 at Deutsche Bank
- Positive Outlook for Arkema’s Adhesive Solutions Amid Favorable Market Conditions
/Microsoft%20Corporation%20logo%20on%20phone-by%20rafapress%20via%20Shuterstock.jpg)