Akzo Nobel (AKZOY) Coverage Initiated at HSBC

HSBC started coverage on shares of Akzo Nobel (NASDAQ:AKZOY) in a report published on Friday. The brokerage issued a reduce rating on the stock.

AKZOY has been the subject of a number of other reports. Credit Suisse Group AG downgraded shares of Akzo Nobel from an outperform rating to a neutral rating in a research report on Thursday, July 21st. Zacks Investment Research cut shares of Akzo Nobel from a buy rating to a hold rating in a report on Tuesday, June 21st.

Akzo Nobel (NASDAQ:AKZOY) opened at 22.79 on Friday. The company has a market cap of $17.22 billion and a P/E ratio of 14.76. Akzo Nobel has a one year low of $18.73 and a one year high of $24.45. The company has a 50 day moving average of $22.38 and a 200-day moving average of $22.26.

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.

5 Day Chart for NASDAQ:AKZOY

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