A statement released earlier today by UBS about Dow Chemical (NYSE:DOW) bumps the target price to $62.00
- Updated: October 10, 2016
Yesterday Dow Chemical (NYSE:DOW) traded -1.12% lower at $52.99. The company’s 50-day moving average is $53.07 and its 200-day moving average is $52.26. The last stock close price is up 1.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 6,810,064 shares of the stock were exchanged, up from an average trading volume of 5,607,280
UBS bumped up the target of Dow Chemical (NYSE:DOW) to $62.00 reporting a possible upside of 0.17%.
Previously on 10/05/2016, Zacks Investment Research reported about Dow Chemical (NYSE:DOW) raised the target price from $0.00 to $58.00. At the time, this indicated a possible upside of 0.11%.
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Dow Chemical has a 52 week low of $40.26 and a 52 week high of $57.10 with a P/E ratio of 7.74 The company’s market cap is currently $0.
In addition to UBS reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $59.38 with 5 firms rating the stock a strong buy, 8 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Dow Chemical (NYSE:DOW)
The Dow Chemical Company (Dow) is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates through five segments: Agricultural Sciences, which consists of Crop Protection and Seeds businesses; Consumer Solutions, which consists of Consumer Care, Dow Automotive Systems and Dow Electronic Materials businesses; Infrastructure Solutions, which consists of a portfolio of businesses utilizing technology to deliver products, such as architectural and industrial coating applications, adhesives, microbial protection for the oil and gas industry, and water technologies; Performance Materials & Chemicals, which consist of Chlor-Alkali and Vinyl, Industrial Solutions and Polyurethanes businesses, and Performance Plastics, which includes Dow Elastomers, Dow Electrical and Telecommunications, Dow Packaging and Specialty Plastics, Energy and Hydrocarbons businesses.
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