Other research analysts have also recently issued reports about the company. Commerzbank set a €77.00 ($91.67) price objective on Gerresheimer and gave the company a buy rating in a research note on Thursday, September 28th. JPMorgan Chase & Co. set a €99.40 ($118.33) price objective on Gerresheimer and gave the company a buy rating in a research note on Wednesday, October 11th. Berenberg Bank set a €75.00 ($89.29) price objective on Gerresheimer and gave the company a buy rating in a research note on Wednesday, October 11th. Credit Suisse Group set a €80.00 ($95.24) price objective on Gerresheimer and gave the company a buy rating in a research note on Tuesday, October 10th. Finally, set a €65.00 ($77.38) price objective on Gerresheimer and gave the company a neutral rating in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of €70.62 ($84.07).
Shares of Gerresheimer (ETR:GXI) traded up €0.60 ($0.71) during trading hours on Wednesday, hitting €71.55 ($85.18). The stock had a trading volume of 152,205 shares, compared to its average volume of 118,030. Gerresheimer has a 52-week low of €59.97 ($71.39) and a 52-week high of €78.25 ($93.15). The company has a market capitalization of $2,250.00 and a PE ratio of 50.74.
Gerresheimer Company Profile
Gerresheimer AG manufactures and sells specialty glass and plastic products primarily for the pharma and healthcare industry worldwide. It operates through two divisions, Plastics & Devices, and Primary Packaging Glass. The Plastics & Devices division offers drug delivery systems, such as inhalers, pen systems, and injection systems; sterile and non-sterile prefillable syringe systems for pharmaceutical and biotech industries; and disposables for various analysis systems that are used in laboratories and medical practices, quick tests for patients in medical practices or hospitals, skin-prick aids and lancets for diabetics, disposables and components for dialysis machines, and catheters and surgical devices.
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