Shin-Etsu Chemical Co. (SHECY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) from a hold rating to a buy rating in a report released on Saturday. They currently have $20.00 price target on the stock.

According to Zacks, “Shin-Etsu Chemical Co., Ltd. is engaged in the production and distribution of polyvinyl chloride and silicon wafers. The Company’s products include of polyvinyl chloride, silicones, rare earths, rare earth magnets, epoxy molding compounds, synthetic Quartz, semiconductor silicon and cellulose derivatives. Shin-Etsu Chemical Co., Ltd. is headquartered in Tokyo, Japan. “

Shares of Shin-Etsu Chemical (OTCMKTS:SHECY) opened at 17.47 on Friday. Shin-Etsu Chemical has a one year low of $11.59 and a one year high of $18.40. The company has a 50 day moving average price of $17.71 and a 200 day moving average price of $15.59. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 19.74 and a beta of 0.92.

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