GEA Group Aktiengesellschaft (ETR:G1A) received a €23.00 ($26.74) price objective from analysts at Independent Research in a report released on Friday. The brokerage currently has a “sell” rating on the stock. Independent Research’s target price suggests a potential downside of 1.79% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Deutsche Bank set a €37.00 ($43.02) price target on GEA Group Aktiengesellschaft and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Kepler Capital Markets set a €38.00 ($44.19) price target on GEA Group Aktiengesellschaft and gave the stock a “buy” rating in a research report on Monday, July 30th. Royal Bank of Canada set a €37.00 ($43.02) price target on GEA Group Aktiengesellschaft and gave the stock a “buy” rating in a research report on Friday, July 27th. Morgan Stanley set a €36.00 ($41.86) price target on GEA Group Aktiengesellschaft and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, Jefferies Financial Group set a €32.00 ($37.21) price objective on GEA Group Aktiengesellschaft and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of €30.53 ($35.49).
Shares of G1A opened at €23.42 ($27.23) on Friday. GEA Group Aktiengesellschaft has a one year low of €34.06 ($39.60) and a one year high of €42.88 ($49.86).
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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