Groupe Bruxelles Lambert (OTCMKTS:GBLBY) Stock Price Up 4.1% – Still a Buy?

Shares of Groupe Bruxelles Lambert SA (OTCMKTS:GBLBY) shot up 4.1% during trading on Monday . The stock traded as high as $9.9915 and last traded at $9.9915. 335 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,112 shares. The stock had previously closed at $9.60.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Groupe Bruxelles Lambert in a research note on Friday, November 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Groupe Bruxelles Lambert Trading Up 4.1%

The business’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.98.

Groupe Bruxelles Lambert Company Profile

Groupe Bruxelles Lambert (OTCMKTS:GBLBY) is a Belgian investment holding company headquartered in Brussels. Established in 1972 through the consolidation of two family-controlled investment entities, GBL has evolved into one of Europe’s leading diversified investment groups. The company’s strategy focuses on long-term value creation through active ownership and stewardship, positioning itself as a stable partner to the companies in which it invests.

GBL maintains a broad portfolio spanning multiple sectors, including consumer goods, healthcare, energy, materials and financial services.