GEA Group Aktiengesellschaft (ETR:G1A) has been given a €21.00 ($24.42) target price by research analysts at Credit Suisse Group in a research report issued on Monday, April 1st, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target would suggest a potential downside of 17.90% from the stock’s previous close.
A number of other brokerages have also weighed in on G1A. JPMorgan Chase & Co. set a €23.00 ($26.74) price objective on GEA Group Aktiengesellschaft and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Commerzbank set a €25.00 ($29.07) price objective on GEA Group Aktiengesellschaft and gave the stock a “sell” rating in a research report on Thursday, December 6th. HSBC set a €27.00 ($31.40) price objective on GEA Group Aktiengesellschaft and gave the stock a “neutral” rating in a research report on Wednesday, December 5th. Independent Research set a €19.50 ($22.67) price objective on GEA Group Aktiengesellschaft and gave the stock a “sell” rating in a research report on Tuesday, March 19th. Finally, Goldman Sachs Group set a €27.00 ($31.40) price objective on GEA Group Aktiengesellschaft and gave the company a “neutral” rating in a research note on Thursday, February 7th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €24.03 ($27.95).
Shares of ETR G1A traded down €0.06 ($0.07) during trading hours on Monday, reaching €25.58 ($29.74). 412,296 shares of the stock traded hands, compared to its average volume of 492,805. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 13.33. GEA Group Aktiengesellschaft has a 52-week low of €19.09 ($22.20) and a 52-week high of €34.80 ($40.47). The stock has a market cap of $4.62 billion and a price-to-earnings ratio of 40.73.
GEA Group Aktiengesellschaft focuses on the development and production of process technology and components for the food processing industry worldwide. It operates in two segments, Business Area Equipment and Business Area Solutions. The Business Area Equipment segment offers separators, valves, pumps, homogenizers, and refrigeration compressors, as well as process technology solutions for food processing and packaging applications; and dairy equipment, feeding systems, and slurry engineering solutions.
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