Geberit (OTCMKTS:GBERY) Given New CHF 550 Price Target at Barclays

Geberit (OTCMKTS:GBERYGet Rating) had its target price reduced by equities researchers at Barclays from CHF 575 to CHF 550 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock.

A number of other analysts have also weighed in on GBERY. Morgan Stanley increased their price objective on Geberit from CHF 559 to CHF 581 in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on Geberit from CHF 565 to CHF 650 in a research note on Friday, January 14th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $593.67.

OTCMKTS:GBERY opened at $52.09 on Thursday. Geberit has a fifty-two week low of $51.79 and a fifty-two week high of $84.67. The business has a 50 day moving average price of $60.04 and a 200-day moving average price of $69.51.

Geberit Company Profile (Get Rating)

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.

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