JPMorgan Chase & Co. Raises Metso Outotec Oyj (OTCMKTS:OUKPY) Price Target to €10.90

Metso Outotec Oyj (OTCMKTS:OUKPYGet Rating) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from €10.80 ($11.61) to €10.90 ($11.72) in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock.

OUKPY has been the subject of several other research reports. Morgan Stanley reduced their price target on shares of Metso Outotec Oyj to €10.60 ($11.40) in a report on Wednesday, April 13th. UBS Group reduced their price target on shares of Metso Outotec Oyj from €10.40 ($11.18) to €9.80 ($10.54) and set a “buy” rating for the company in a report on Tuesday, April 12th. Finally, Credit Suisse Group downgraded shares of Metso Outotec Oyj from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.58.

Shares of OUKPY traded up $0.55 during midday trading on Friday, hitting $4.74. 16,630 shares of the stock traded hands, compared to its average volume of 13,508. Metso Outotec Oyj has a 1-year low of $3.44 and a 1-year high of $6.44. The business’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $4.88.

Metso Outotec Oyj Company Profile (Get Rating)

Metso Outotec Oyj provides technologies, end-to-end solutions, and services for aggregates, minerals processing, and metals refining industries in Europe, North and Central America, South America, the Asia Pacific, Africa, the Middle East, and India. The company operates in three segments: Aggregates, Minerals, and Metals.

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