Berenberg Bank Reiterates €81.00 Price Target for Gerresheimer (ETR:GXI)

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Berenberg Bank set a €81.00 ($94.19) price objective on Gerresheimer (ETR:GXI) in a report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on GXI. Credit Suisse Group restated a hold rating on shares of FactSet Research Systems in a report on Monday, July 8th. Kepler Capital Markets set a €19.00 ($22.09) price target on shares of Rhoen Klinikum and gave the stock a sell rating in a report on Thursday, April 11th. HSBC cut their price target on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating on the stock in a report on Thursday, July 4th. Independent Research set a €72.00 ($83.72) price target on shares of Gerresheimer and gave the stock a neutral rating in a report on Friday, April 12th. Finally, DZ Bank cut shares of NVIDIA to a sell rating and set a $170.00 price target on the stock. in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of €69.17 ($80.43).

Gerresheimer stock opened at €73.65 ($85.64) on Thursday. Gerresheimer has a fifty-two week low of €51.10 ($59.42) and a fifty-two week high of €80.25 ($93.31). The stock has a market capitalization of $2.31 billion and a PE ratio of 12.90. The stock’s 50-day moving average price is €65.08. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 68.19.

About Gerresheimer

Gerresheimer AG manufactures and sells specialty glass and plastic products primarily for the pharma and healthcare industry worldwide. It operates through three divisions; Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The Plastics & Devices division offers drug delivery systems, including inhalers, pen systems, and injection systems; sterile and non-sterile prefillable syringe systems for the 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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