Stock Analysis:Gibraltar Industries (NASDAQ:ROCK) Stock Target Upgraded
In an analyst note made public by Wedbush on 4 December, Gibraltar Industries (NASDAQ:ROCK) had its Estimated Target Price lifted to $33.00. The firm at present has a solid “Outperform” rating on shares.
From a total of 5 analysts covering Gibraltar Industries (NASDAQ:ROCK) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $33 while the lowest target price is $28. The mean of all analyst targets is $30.6 with a 1.32% above today’s ($27.31) stock price. Gibraltar Industries was the topic of 5 analyst reports since September 5, 2015 according to the firm StockzIntelligence Inc. Wedbush initiated shares on October 16 with “Outperform” rating. Global Hunter Securities initiated ROCK stock in a recent report from September 28 with “Buy” rating.
The stock increased 0.55% or $0.15 on December 4, striking $27.31. Approximately shares of stock traded hands. Gibraltar Industries Inc (NASDAQ:ROCK) has risen 64.12% since May 4, 2015 and is uptrending. It has outperformed by 65.20% the S&P500.
Gibraltar Industries, Inc. is a manufacturer and distributor of products that provide structural and architectural enhancements for residential homes, retail, other commercial and professional buildings, industrial plants, bridges and a range of other structures. The company has a market cap of $847.71 million. The Firm operates through two divisions: Residential Products and Industrial and Infrastructure Products. It currently has negative earnings. Residential Products primarily includes roof and foundation ventilation products, mail and package storage products, rain dispersion products and roofing accessories.
According to Zacks Investment Research, “Gibraltar Industries, Inc. is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets.” Get a free copy of the Zacks research report on Gibraltar Industries Inc (ROCK).