Glanbia (OTCMKTS:GLAPY) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Glanbia (OTCMKTS:GLAPY) from a hold rating to a sell rating in a research report report published on Monday morning, Zacks.com reports.

According to Zacks, “Glanbia Plc engages in the manufacture and distribution of dairy and nutritional food products. Its operating segments include Glanbia Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures and Associates. Glanbia Performance Nutrition segment comprises of performance nutrition products under the Optimum Nutrition, BSN, Isopure, Nutramino and ABB brands. Global Ingredients segment includes American-style cheddar cheese, micro-nutrient premixes and dairy and non-dairy nutritional solutions. Dairy Ireland segment consists of consumer products and agribusiness. Joint Ventures and Associates segment covers Glanbia Ingredients Ireland, Glanbia Cheese and Southwest Cheese. Glanbia Plc is headquartered in Kilkenny, Ireland. “

Separately, Jefferies Financial Group upgraded Glanbia from a hold rating to a buy rating in a report on Friday, September 6th.

OTCMKTS GLAPY opened at $55.60 on Monday. Glanbia has a fifty-two week low of $53.60 and a fifty-two week high of $107.19. The stock’s 50-day moving average is $60.10 and its two-hundred day moving average is $68.12. The firm has a market cap of $3.49 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.94 and a beta of 0.24.

Glanbia Company Profile

Glanbia plc operates as a nutrition company worldwide. It operates through three segments: Glanbia Performance Nutrition, Glanbia Nutritionals, and Glanbia Ireland. The Glanbia Performance Nutrition segment manufactures and sells sports nutrition and lifestyle nutrition products in various formats, including powders, ready-to-eat bars and snacking foods, and ready-to-drink beverages through various channels, such as specialty retail, the Internet, and gyms, as well the food, drug, mass, and club channels.

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