Several other research analysts have also recently issued reports on the stock. Berenberg Bank set a €75.00 ($92.59) target price on shares of Gerresheimer and gave the company a buy rating in a report on Friday, December 8th. Goldman Sachs Group set a €68.00 ($83.95) target price on shares of Gerresheimer and gave the company a neutral rating in a report on Thursday, January 25th. JPMorgan Chase & Co. set a €87.70 ($108.27) target price on shares of Gerresheimer and gave the company a buy rating in a report on Tuesday, February 6th. Independent Research set a €74.00 ($91.36) target price on shares of Gerresheimer and gave the company a neutral rating in a report on Thursday, January 25th. Finally, Deutsche Bank set a €64.00 ($79.01) target price on shares of Gerresheimer and gave the company a neutral rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of €69.58 ($85.90).
Shares of Gerresheimer (ETR GXI) traded down €1.35 ($1.67) during trading on Friday, hitting €60.90 ($75.19). 274,270 shares of the stock traded hands, compared to its average volume of 121,723. Gerresheimer has a fifty-two week low of €59.97 ($74.04) and a fifty-two week high of €78.25 ($96.60). The firm has a market cap of $1,910.00 and a PE ratio of 18.97.
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Gerresheimer Company Profile
Gerresheimer AG manufactures and sells specialty glass and plastic products primarily for the pharma and healthcare industry worldwide. It operates through two divisions, Plastics & Devices, and Primary Packaging Glass. The Plastics & Devices division offers drug delivery systems, such as inhalers, pen systems, and injection systems; sterile and non-sterile prefillable syringe systems for pharmaceutical and biotech industries; and disposables for various analysis systems that are used in laboratories and medical practices, quick tests for patients in medical practices or hospitals, skin-prick aids and lancets for diabetics, disposables and components for dialysis machines, and catheters and surgical devices.
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