GMT Price Target Lowered to $48.00 at RBC Capital (GMT)
Equities research analysts at RBC Capital lowered their price objective on shares of GMT (NASDAQ:GMT) from $52.00 to $48.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. RBC Capital’s price target suggests a potential downside of 17.00% from the company’s current price.
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 one year low of $43.88 and a one 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 price-to-earnings ratio of 15.81.
A number of other firms have also recently commented on GMT. Analysts at Deutsche Bank cut their price target on shares of GMT from $52.00 to $48.00 in a research note to investors on Friday. 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 analyst has rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $50.00.
GATX Corporation (NASDAQ:GMT) leases, operates, manages and remarkets assets primarily in the rail and marine markets.
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