Koninklijke DSM (RDSMY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Koninklijke DSM (NASDAQ:RDSMY) from a sell rating to a hold rating in a research note published on Wednesday.

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. “

Separately, HSBC Holdings plc started coverage on shares of Koninklijke DSM in a research note on Friday, September 1st. They set a buy rating for the company.

Shares of Koninklijke DSM (RDSMY) traded up 1.74% during mid-day trading on Wednesday, reaching $21.23. The company’s stock had a trading volume of 28,269 shares. Koninklijke DSM has a 12 month low of $14.50 and a 12 month high of $21.29. The company has a 50 day moving average price of $19.87 and a 200 day moving average price of $18.64. The stock has a market capitalization of $14.85 billion and a P/E ratio of 17.52.

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About Koninklijke DSM

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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