Arkema (OTCMKTS:ARKAY) Stock Rating Lowered by Berenberg Bank

Arkema (OTCMKTS:ARKAY) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a report on Thursday, April 9th. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Kepler Capital Markets lowered Arkema from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Finally, Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Arkema Price Performance

OTCMKTS:ARKAY opened at $72.03 on Monday. The business’s 50-day moving average price is $68.16 and its 200 day moving average price is $63.32. The firm has a market cap of $5.48 billion, a P/E ratio of 82.79 and a beta of 0.84. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36. The company has a quick ratio of 1.63, a current ratio of 2.13 and a debt-to-equity ratio of 0.54.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.