Greif (NYSE:GEF) Rating Increased
Greif (NYSE:GEF) was increased by equity research analysts at BofA Merrill from “Neutral” rating to “Buy” rating in a report revealed to investors on Friday, 27 January.
Out of 4 brokers covering Greif, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $44 and the lowest is $32 according to Thomson/First Call. The 12-month mean target is $38.75, which means downside potential of 31.45% over the current price.
Nine Chapters Capital Management Llc had the most significant stake with ownership of 4,800 shares as of q2 2015 for 1.68% of the long stock exposure. Investment Counselors Of Maryland Llc is another very bullish active investment manager who is owning 453,258 shares of Greif or 1.34% of their long stock exposure. Moreover, Wespac Advisors Llc have 1.01% of their long stock exposure invested in the company for 17,975 shares. The New York-based fund Gamco Investors Inc. Et Al revealed it had acquired a stake worth about 0.3% of the active investment manager’s stock portfolio in Greif. The Michigan-based fund Comerica Bank is also positive about the stock, possessing 935,765 shares or 0.2% of their long stock exposure.
Greif (NYSE:GEF) Profile
Greif (NYSE:GEF) closed at $56.53 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 208,490 shares. Greif has a 52 week low of $23.88 and a 52 week high of $57.97. The company has a market cap of $2.95B and a P/E ratio of 36.14.
Get the latest Greif (NYSE:GEF) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Greif (NYSE:GEF) Stock Rating Upped to “Buy” by BofA Merrill from “Neutral” appeared first on Octafinance.