IMCD (OTC:IMCDY) Trading Down 0.4% – What’s Next?

IMCD (OTC:IMCDY) dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $45.0609 and last traded at $45.17. Approximately 38,409 shares changed hands during trading, an increase of 60% from the average daily volume of 23,990 shares. The stock had previously closed at $45.35.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley upgraded IMCD from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 10th. BNP Paribas assumed coverage on shares of IMCD in a report on Monday, October 20th. They issued an “outperform” rating and a $72.50 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $72.50.

IMCD Stock Down 0.4%

The business’s 50 day moving average price is $46.87 and its 200-day moving average price is $54.22.

About IMCD

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.