Asian Paints sells entire stake in Akzo Nobel India
Written by Emily J. Thompson, Senior Investment Analyst
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Source: Newsfilter
Asian Paints Stake Sale: Asian Paints sold its entire 4.42% stake in Akzo Nobel India for approximately 7.34 billion rupees ($85.69 million), selling around 2 million shares at a slight discount to the market price.
Market Competition: This sale follows JSW Paints' announcement of acquiring Akzo Nobel's Indian arm for about $1.6 billion, highlighting increasing competition in the paint industry between established companies and new entrants.
Analyst Views on ASPN
Wall Street analysts forecast ASPN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASPN is 5.00 USD with a low forecast of 4.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
1 Hold
1 Sell
Moderate Buy
Current: 3.900
Low
4.00
Averages
5.00
High
6.00
Current: 3.900
Low
4.00
Averages
5.00
High
6.00
About ASPN
Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. Its aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Its segments include Energy Industrial and Thermal Barrier. Under the Energy Industrial, it designs, develops and manufactures aerogel insulation used in the energy industrial and sustainable insulation markets. It offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under the Thermal Barrier, it offers PyroThin product, is an ultra-thin, lightweight and flexible thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance and fire protection properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
