Deutsche Bank Reaffirms “Neutral” Rating for Gerresheimer (GXI)
A number of other brokerages also recently weighed in on GXI. Hauck & Aufhaeuser set a €55.00 ($67.90) target price on Gerresheimer and gave the company a sell rating in a report on Wednesday, January 24th. Independent Research set a €74.00 ($91.36) price target on Gerresheimer and gave the company a neutral rating in a research note on Thursday, January 25th. Goldman Sachs set a €68.00 ($83.95) price target on Gerresheimer and gave the company a neutral rating in a research note on Thursday, January 25th. equinet set a €75.00 ($92.59) price target on Gerresheimer and gave the company a neutral rating in a research note on Friday, January 19th. Finally, JPMorgan Chase set a €87.70 ($108.27) price target on Gerresheimer and gave the company a buy rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €67.96 ($83.90).
Shares of GXI opened at €66.80 ($82.47) on Friday. Gerresheimer has a fifty-two week low of €59.97 ($74.04) and a fifty-two week high of €78.25 ($96.60).
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Gerresheimer AG manufactures and sells specialty glass and plastic products primarily for the pharma and healthcare industry worldwide. It operates through two divisions, Plastics & Devices, and Primary Packaging Glass. 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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