Glatfelter Rating Increased to Outperform at Zacks (GLT)
Glatfelter (NYSE:GLT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a $33.30 price objective on the stock. Zacks‘ price objective points to a potential upside of 8.75% from the company’s current price.
Shares of Glatfelter (NYSE:GLT) traded down 0.39% during mid-day trading on Wednesday, hitting $30.50. The stock had a trading volume of 120,318 shares. Glatfelter has a one year low of $17.11 and a one year high of $31.71. The stock has a 50-day moving average of $28.54 and a 200-day moving average of $27.27. The company has a market cap of $1.320 billion and a price-to-earnings ratio of 23.34.
Separately, analysts at Deutsche Bank upgraded shares of Glatfelter from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 31st. They now have a $35.00 price target on the stock.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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