UBS Group Trims Gestamp Automoción (OTCMKTS:GMPUF) Target Price to €4.50

Gestamp Automoción (OTCMKTS:GMPUFGet Rating) had its target price cut by UBS Group from €5.00 ($5.38) to €4.50 ($4.84) in a report released on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock.

Other equities research analysts also recently issued reports about the stock. Oddo Bhf raised shares of Gestamp Automoción from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 1st. JPMorgan Chase & Co. reduced their price objective on shares of Gestamp Automoción from €4.50 ($4.84) to €4.00 ($4.30) and set a “neutral” rating for the company in a research note on Friday, April 8th. Finally, Morgan Stanley dropped their target price on shares of Gestamp Automoción from €4.50 ($4.84) to €4.00 ($4.30) and set an “equal weight” rating for the company in a report on Friday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Gestamp Automoción presently has an average rating of “Hold” and a consensus price target of $4.17.

OTCMKTS:GMPUF remained flat at $$5.45 on Wednesday. The company’s fifty day moving average is $5.45. Gestamp Automoción has a 12-month low of $5.45 and a 12-month high of $5.75.

About Gestamp Automoción (Get Rating)

Gestamp Automoción, SA designs, develops, manufactures, and sells metal automotive components in Europe, North America, South America, and Asia. The company offers Body-in-White products, such as bonnets, roofs, doors, and mudguards, as well as other surface and assembly parts; and structural and crash-related elements that include floors, pillars, rails, and wheel arches.

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