Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $20.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 14.48% from the company’s previous close.
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 52 week low of $11.59 and a 52 week high of $18.40. The firm 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 capitalization of $29.77 billion, a price-to-earnings ratio of 19.74 and a beta of 0.92.