Glatfelter Rating Increased to Buy at Deutsche Bank (GLT)
Glatfelter (NYSE:GLT) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $35.00 target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 12.94% from the stock’s previous close.
Shares of Glatfelter (NYSE:GLT) traded down 2.23% on Friday, hitting $30.30. 166,748 shares of the company’s stock traded hands. Glatfelter has a 52-week low of $17.11 and a 52-week high of $31.71. The stock’s 50-day moving average is $28.34 and its 200-day moving average is $27.2. The company has a market cap of $1.311 billion and a P/E ratio of 23.62.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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