Global Brass and Copper Holdings Upgraded to Neutral at Zacks (BRSS)
Global Brass and Copper Holdings (NASDAQ:BRSS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a $17.60 target price on the stock. Zacks‘ target price would suggest a potential upside of 2.44% from the stock’s previous close.
Global Brass and Copper Holdings (NASDAQ:BRSS) traded up 0.76% on Tuesday, hitting $17.31. 100,914 shares of the company’s stock traded hands. Global Brass and Copper Holdings has a 52 week low of $11.75 and a 52 week high of $21.45. The stock has a 50-day moving average of $17.12 and a 200-day moving average of $18.13. The company has a market cap of $365.4 million and a price-to-earnings ratio of 30.95.
In other Global Brass and Copper Holdings news, Director David Shapiro sold 6,400,000 shares of Global Brass and Copper Holdings stock on the open market in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $16.25, for a total value of $104,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Global Brass and Copper Holdings, Inc is a converter, fabricator, distributor and processor of specialized copper and brass products in North America.
To view Zacks’ full report, visit www.zacks.com
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