Brokerage Firm Rating Update on Braskem S.A. (BAK)

Braskem S.A. (BAK) : Zacks Investment Research ranks Braskem S.A. (BAK) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.


For the current week, the company shares have a recommendation consensus of Buy.

Braskem S.A. (NYSE:BAK): The stock opened at $15.04 and touched an intraday high of $15.06 on Wednesday. During the day, the stock corrected to an intraday low of $14.88, however, the bulls stepped in and pushed the price higher to close in the green at $15.06 with a gain of 0.33% for the day. The total traded volume for the day was 259,488. The stock had closed at $15.01 in the previous trading session.

Braskem S.A. (Braskem) is a producer of thermoplastic resins. The Company has 36 industrial plants, of which 29 are in Brazil, five in the United States and two in Europe. These units produce thermoplastic resins: polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC), as well as basic petrochemicals. Braskems business operations consist of four production segments and one distribution segment: Basic Petrochemicals Unit, Polyolefins, Vinyls, United States and Europe, and Chemical distribution. Additionally, Braskem 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, as well as the provision of industrial services and the production, supply and sale of electric energy for its own use and use by other companies. Braskem also invests in other companies, either as a partner or as shareholder.

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