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Zacks Investment Research announced SUMITOMO CHEM CO ADR EACH REPR 5 SHS (NASDAQ:SOMMY), bumping up its stock price target to $30.00 today

Yesterday SUMITOMO CHEM CO ADR EACH REPR 5 SHS (NASDAQ:SOMMY) traded 0.00% even at $27.09. The company’s 50-day moving average is $30.92 and its 200-day moving average is $28.84. The last stock close price is down 8.44% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 3,909

In a report released on 6/8/2017 Zacks Investment Research increased the stock price target of SUMITOMO CHEM CO ADR EACH REPR 5 SHS (NASDAQ:SOMMY) to $30.00 indicating a possible upside of 0.11%.

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SUMITOMO CHEM CO ADR EACH REPR 5 SHS has a 52 week low of $22.43 and a 52 week high of $32.04 with a P/E ratio of 10.56 The company’s market cap is currently $0.


Sumitomo Chemical Company, Limited operates in petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals sectors worldwide. The companyÂ’s Petrochemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and methyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals. Its Energy & Functional Materials segment provides alumina and aluminum products used for energy-efficient products; polymer additives and rubber chemicals; automotive diesel particulate filters to control exhaust emissions; synthetic rubber for fuel efficient tires; and engineering plastics and materials for lithium-ion secondary batteries that are used in electronic components and next-generation vehicles. The companyÂ’s IT-related Chemicals segment provides optical films for liquid crystal displays; color resists, photoresists, and high-purity chemicals for semiconductor manufacturing process; compound semiconductors for devices, such as antenna switches and amplifiers of cell phones and smartphones; and aluminum sputtering targets for semiconductor chips' wiring. Its Health & Crop Sciences segment offers crop protection chemicals, fertilizers, feed additives, household and public hygiene insecticides, and active pharmaceutical ingredients and intermediates. The companyÂ’s Pharmaceuticals segment provides prescription and diagnostic pharmaceuticals. It also supplies electrical power and steam; provides services for the design, engineering, and construction management of chemical plants; and offers transport and warehousing services, as well as engages in conducting materials and environmental analysis. Sumitomo Chemical Company, Limited was founded in 1913 and is headquartered in Tokyo, Japan.

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