GMT Price Target Lowered to $48.00 at Deutsche Bank (GMT)
Equities researchers at Deutsche Bank lowered their price target on shares of GMT (NASDAQ:GMT) from $52.00 to $48.00 in a research report issued on Friday, AR Network reports. Deutsche Bank’s price target suggests a potential downside of 17.00% from the company’s current price.
A number of other analysts have also recently weighed in on GMT. Analysts at RBC Capital cut their price target on shares of GMT from $55.00 to $52.00 in a research note to investors on Friday, January 17th. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of GMT from $48.00 to $49.00 in a research note to investors on Thursday, January 9th. Finally, analysts at Morgan Stanley raised their price target on shares of GMT from $47.00 to $49.00 in a research note to investors on Monday, January 6th. One research analyst has rated the stock with a buy rating, GMT has an average rating of “Buy” and an average price target of $50.00.
Shares of GMT (NASDAQ:GMT) traded up 1.92% on Friday, hitting $57.83. The stock had a trading volume of 235,220 shares. GMT has a 1-year low of $43.88 and a 1-year high of $61.16. The stock has a 50-day moving average of $53.98 and a 200-day moving average of $49.60. The company has a market cap of $2.666 billion and a P/E ratio of 15.81.
GATX Corporation (NASDAQ:GMT) leases, operates, manages and remarkets assets primarily in the rail and marine markets.
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