Gruma Rating Lowered to Neutral at Zacks (GMK)
Gruma (NYSE:GMK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings News reports. They currently have a $36.20 target price on the stock. Zacks‘ target price points to a potential upside of 10.87% from the company’s current price.
Shares of Gruma (NYSE:GMK) traded up 2.24% on Tuesday, hitting $33.38. 30,448 shares of the company’s stock traded hands. Gruma has a 52 week low of $13.00 and a 52 week high of $34.14. The stock has a 50-day moving average of $31.8 and a 200-day moving average of $26.53. The company has a market cap of $3.611 billion and a P/E ratio of 35.34.
GRUMA, SAB. de C.V. (NYSE:GMK) is a holding company and conducts its operations through its subsidiaries.
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