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Zacks Investment Research downgraded Braskem SA (ADR) (NYSE:BAK) to Hold in a report released today.

Zacks Investment Research has downgraded Braskem SA (ADR) (NYSE:BAK) to Hold in a report released on Tuesday June 20, 2017.

Previously on 6/06/2017, Zacks Investment Research reported on Braskem SA (ADR) (NYSE:BAK) increased the target price from $0.00 to $24.00. At the time, this indicated a possible upside of 0.15%.

Yesterday Braskem SA (ADR) (NYSE:BAK) traded 0.42% higher at $19.33. Braskem SA (ADR)’s 50-day average is $24.67 and its two hundred day average is $21.85. The last stock price is down 20.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 643,662 shares of BAK traded hands, up from an average trading volume of 383,766

Recent Performance Chart

Braskem SA (ADR) (NYSE:BAK)

With a total market value of $0, Braskem SA (ADR) has price-earnings ratio of 26.51 with a one year low of $13.85 and a one year high of $26.98 .

A total of 4 equity analysts have released a research note on BAK. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $16.15.

General Information About Braskem SA (ADR) (NYSE:BAK)

Braskem S.A. produces thermoplastic resins. The Company's segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy. It also invests in other companies, either as a partner or as shareholder. It operates over 40 industrial units, over 30 of which are located in the Brazilian states of Alagoas, Bahia, Rio de Janeiro, Rio Grande do Sul and Sao Paulo; over five are located in the United States, in the states of Pennsylvania, Texas and West Virginia, and over two are located in Germany, in the cities of Wesseling and Schkopau. These units produce thermoplastic resins–polyethylene, polypropylene and polyvinyl chloride, as well as basic petrochemicals.

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