Key Analysts at Joh. Berenberg Gossler & Co. KG Maintained their ‘Hold’ rating for Gerresheimer (ETR:GXI) Shares Today. Their Price Objective Given is EUR 70.00

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Gerresheimer (ETR:GXI) Rating Reaffirmed

In a comprehensive report issued to clients on Saturday, 5 December, The Hold rating of Gerresheimer (ETR:GXI) shares was has reaffirmed by Analysts at Joh. Berenberg Gossler & Co. KG, who now has a EUR 70.00 target price on the stock. Joh. Berenberg Gossler & Co. KG’s target price suggests a possible downside of -2.79% from the previous close of the company.

From a total of 10 analysts covering Gerresheimer (ETR:GXI) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €79.50 while the lowest target price is €57. The mean of all analyst targets is €69.17 with a -3.78% below today’s (€71.89) stock price. Gerresheimer was the topic of 15 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. Berenberg maintained shares on October 14 with “Hold” rating. Commerzbank maintained shares with “Hold” rating and €65 target share price in a report from a September 25. Kepler Cheuvreux upgraded GXI stock in a recent report from October 9 to “Buy” rating. JP Morgan upgraded the rating on September 23. JP Morgan has a “Buy” rating and a €79.50 price target on shares. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on an October 7.

The stock decreased 1.63% or EUR 1.19 on December 4, striking EUR 71.89. Approximately 239,636 shares of stock traded hands or 128.94% up from the average. Gerresheimer AG (ETR:GXI) has risen 18.09% since May 8, 2015 and is uptrending. It has outperformed by 20.88% the S&P500.

Key Analysts at Joh. Berenberg Gossler & Co. KG Maintained their ‘Hold’ rating for Gerresheimer (ETR:GXI) Shares Today. Their Price Objective Given is EUR 70.00

Gerresheimer AG is a Germany-based holding firm and maker of specialty products made of glass and plastic for the pharmaceutical and healthcare industries. The company has a market cap of 2.26 billion EUR. The Firm operates four business divisions: Tubular Glass; Molded Glass; Plastic Systems, and Life Science Research. It has 32.5 P/E ratio. The Tubular Glass segment produces glass tubes converted to primary packaging.

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