It May Be Time to Buy Shares of GEA Group (ETR:G1A) as HSBC Has Upgraded The Stock


GEA Group (ETR:G1A) Stock Upgrade

In analysts note issued to clients earlier today, HSBC hiked shares of GEA Group (ETR:G1A) to a Buy. Analysts currently have a EUR 45.00 target price per share on the shares. HSBC’s target price per share indicates a ppossible upside of 15.71% from the stock close price of the stock.

From a total of 18 analysts covering GEA Group (ETR:G1A) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €57 while the lowest target price is €31. The mean of all analyst targets is €41.15 with a 6.28% above today’s (€38.72) stock price. GEA Group was the topic of 52 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on November 21 with “Hold” rating. Landesbank maintained shares with “Hold” rating and €35 target share price in a report from an October 29. UBS downgraded G1A stock in a recent report from November 19 to “Sell” rating. S&P Research maintained the rating on October 29. S&P Research has a “Hold” rating and a €37 price target on shares. Finally, Nomura upgraded the stock to “Buy” rating in a report issued on a November 3.

The stock decreased 1.44% or EUR 0.56 on December 1, striking EUR 38.72. Approximately 376,989 shares of stock traded hands. GEA Group Aktiengesellschaft (ETR:G1A) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

 It May Be Time to Buy Shares of GEA Group (ETR:G1A) as HSBC Has Upgraded The Stock

GEA Group AG is a German-based management holding firm of the GEA Group which provides systems for food and energy processes. The company has a market cap of 7.24 billion EUR. It operates five divisions: GEA Food Solutions; GEA Farm Technologies; GEA Mechanical Equipment; GEA Process Engineering, and GEA Refrigeration Technologies. It has 37.37 P/E ratio. The GEA Food Solutions segment involves activities that feature standardized and customer-specific equipment.