Grammer (ETR:GMM) Upgrade

Grammer (ETR:GMM)’s rating was upped by research professionals at Warburg Research to Buy. They have a target price of EUR 35.00 on GMM. Warburg Research’s target price suggests a potential upside of 28.91 % from the stock’s current price.

In spite of this rating upgrade ETR:GMM is at the moment trading -1.92% lower at EUR 26.54 as of 15:09 Frankfurt time. Grammer’s stock is down -19.95% in the last 200 days. It has underperformed the S&P500 Index, which has decreased -13.51% in the same time period.

ETR:GMM Price Chart & Trend

The stock price of Grammer dropped 19.95% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Grammer is down 0% and up 40.13%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Grammer (ETR:GMM) Profile

GRAMMER AG is a Germany-based company engaged in the automobiles and auto parts sector. The Company develops and manufactures components and systems for automobile interiors as well as driver and passenger seats. The Company is organized into two business segments: Automotive, which supplies headrests, armrests, center consoles, head restraint systems, integrated child safety seats and side cushions to vehicle manufacturers; and Seating Systems, which provides driver’s seats for trucks and off-road vehicles, including tractors and agricultural machinery, construction machinery and fork-lifts, as well as driver and passenger seating for regional and high-speed long-haul trains, coaches and inter-urban buses.

Grammer (ETR:GMM) traded down -1.92% on 11 February, hitting EUR 26.54. A total of 85,097 shares of the company’s stock traded hands. This is down from average of 118,183 shares. Grammer has a 52 week low of EUR 18.40 and a 52 week high of EUR 38.53. The company has a market cap of 306.40M EUR and a P/E ratio of 12.19.

Get the latest Grammer (ETR:GMM) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Grammer (ETR:GMM) is Improved by Analysts at Warburg Research to Buy Stock Rating. EUR 35.00 is The Target Price appeared first on Octafinance.