Alstom SA Price Target Cut to €32.00 (ALO)
Societe Generale dropped their target price on shares of Alstom SA (EPA:ALO) from €34.00 ($47.22) to €32.00 ($44.44) in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock.
Shares of Alstom SA (EPA:ALO) traded down 1.22% on Tuesday, hitting €27.065. 585,724 shares of the company’s stock traded hands. Alstom SA has a 52-week low of €24.105 and a 52-week high of €35.78. The stock has a 50-day moving average of €26.4 and a 200-day moving average of €27.13. The company has a market cap of €8.347 billion and a price-to-earnings ratio of 10.25.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank raised their price target on shares of Alstom SA from €37.70 ($52.36) to €41.60 ($57.78) in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Analysts at Natixis cut their price target on shares of Alstom SA from €34.00 ($47.22) to €28.00 ($38.89) in a research note to investors on Friday, October 11th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Alstom SA presently has a consensus rating of “Hold” and an average price target of €34.54 ($47.97).
Alstom SA is a France-based company that specializes in the manufacture of transport and energy infrastructure.
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