News coverage about Braskem (NYSE:BAK) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Braskem earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 45.4349433658439 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Braskem (NYSE BAK) traded down $0.51 during mid-day trading on Friday, hitting $27.91. The stock had a trading volume of 373,152 shares, compared to its average volume of 414,548. Braskem has a 1-year low of $17.44 and a 1-year high of $33.73. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.58 and a current ratio of 0.86.
A number of brokerages have recently weighed in on BAK. Zacks Investment Research upgraded Braskem from a “strong sell” rating to a “hold” rating in a research note on Monday, January 29th. UBS upgraded Braskem from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $34.00.
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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