Shares of GEA Group Aktiengesellschaft (OTCMKTS:GEAGY – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.59 and traded as low as $39.92. GEA Group Aktiengesellschaft shares last traded at $40.59, with a volume of 2,200 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GEAGY. Royal Bank of Canada cut shares of GEA Group Aktiengesellschaft from a “sector perform” rating to an “underperform” rating in a report on Wednesday, October 12th. JPMorgan Chase & Co. boosted their target price on shares of GEA Group Aktiengesellschaft from €31.00 ($33.70) to €33.40 ($36.30) and gave the company an “underweight” rating in a report on Monday, November 7th. Morgan Stanley boosted their target price on shares of GEA Group Aktiengesellschaft from €36.00 ($39.13) to €37.00 ($40.22) in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of GEA Group Aktiengesellschaft from €40.00 ($43.48) to €42.00 ($45.65) and gave the company a “hold” rating in a report on Tuesday, November 15th. Finally, Barclays upped their price target on shares of GEA Group Aktiengesellschaft from €37.00 ($40.22) to €39.00 ($42.39) and gave the stock an “overweight” rating in a report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.85.
GEA Group Aktiengesellschaft Trading Up 4.1 %
The stock has a market cap of $7.33 billion, a P/E ratio of -34.99 and a beta of 1.16. The firm’s fifty day moving average price is $40.59 and its two-hundred day moving average price is $40.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.35 and a quick ratio of 0.97.
About GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft engages in the development and production of systems and components for the food processing industry worldwide. It operates in two segments, Business Area Equipment and Business Area Solutions. The Business Area Equipment segment offers separators, valves, pumps, homogenizers, and refrigeration compressors, as well as process technology solutions for food processing and packaging applications; and dairy equipment, feeding systems, and slurry engineering solutions.
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