A statement released earlier today by Deutsche Bank about Ashland Inc. (NYSE:ASH) bumps the target price to $125.00
- Updated: November 28, 2016
Having a price of $113.38, Ashland Inc. (NYSE:ASH) traded -1.51% lower on the day. The last closing price is down -1.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. The company has recorded a 50-day moving average of $112.24 and a 200-day moving average of $115.08. 630,396 shares of Ashland Inc. exchanged hands, down from an avg. volume of 677,122
Ashland Inc. (NYSE:ASH) had its target price raised to $125.00 by Deutsche Bank in a report released Monday November 28, 2016. The updated stock price target implies a possible upside of 0.10% from the company's most recent stock price close.
On Wednesday January 27, 2016, Monness Crespi released a statement on Ashland Inc. (NYSE:ASH) bumped down the target price from $136.00 to $130.00 that suggested an upside of 0.36%.
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Ashland Inc. has with a one year low of $88.30 and a one year high of $125.00 and has a total market value of $0.
A total of 9 brokerages have issued a report on the stock. 4 analysts rating the company a strong buy, five analysts rating the company a buy, 2 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $119.11.
About Ashland Inc. (NYSE:ASH)
Ashland Global Holdings Inc, formerly Ashland LLC, is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties. Its Performance Materials segment is engaged in providing unsaturated polyester resins and vinyl ester resins, and consists of two divisions: Composites and Intermediates/Solvents. Its Valvoline segment is engaged in producing and distributing automotive, commercial and industrial lubricants, and automotive chemicals. Its chemistry is used in various markets and applications, including architectural coatings, adhesives, automotive, construction, energy and pharmaceutical.
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