Koninklijke DSM (RDSMY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Koninklijke DSM (OTCMKTS:RDSMY) from a hold rating to a buy rating in a report issued on Thursday. The firm currently has $27.00 price objective on the basic materials company’s stock.
According to Zacks, “DSM N V ADR is involved in the Chemicals Industry. Their main focus is on base materials, performance materials, materials processing, base chemicals and fine chemicals and coating resins. They are also involved in the exploration and development of oil and natural gas deposits in the North Sea, as well as the licensing of chemical technology and know-how; in addition the company produces ingredients for bakery products. DSM is a world market leader in a number of products, including caprolactam, melamine and EPDM synthetic rubber. “
Several other research firms have also recently weighed in on RDSMY. ValuEngine cut Koninklijke DSM from a buy rating to a hold rating in a research report on Friday, December 1st. Deutsche Bank raised Koninklijke DSM from a hold rating to a buy rating in a research report on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $27.00.
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Koninklijke DSM Company Profile
Koninklijke DSM N.V. (Royal DSM) is a global science-based company, engaged in offering health, nutrition and materials. The Company’s segments include Nutrition, Performance Materials, Innovation Center and Corporate Activities. Its Nutrition segment includes DSM Nutritional Products and DSM Food Specialties.
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