Zacks Research started coverage on shares of General Fusion Group (NASDAQ:GFUZ – Free Report) in a research report released on Wednesday,Zacks reports. The firm issued a hold rating on the stock.
Separately, Wedbush initiated coverage on shares of General Fusion Group in a research note on Tuesday. They issued a “neutral” rating and a $7.00 price target on the stock. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.00.
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General Fusion Group Trading Down 7.7%
Shares of GFUZ stock opened at $5.22 on Wednesday. General Fusion Group has a 1-year low of $5.00 and a 1-year high of $14.85.
About General Fusion Group
We are a recently incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, had any substantive discussions, directly or indirectly, with any potential business combination target.
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