Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm presently has a $20.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 14.48% from the stock’s current price.
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 12-month low of $11.59 and a 12-month high of $18.40. The stock’s 50 day moving average price is $17.71 and its 200 day moving average price is $15.59. The company has a market capitalization of $29.77 billion, a PE ratio of 19.74 and a beta of 0.92.
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