Geberit (OTCMKTS:GBERY) Given New CHF 650 Price Target at Deutsche Bank Aktiengesellschaft

Geberit (OTCMKTS:GBERY) had its target price raised by research analysts at Deutsche Bank Aktiengesellschaft from CHF 565 to CHF 650 in a research report issued on Friday, The Fly reports.

Several other research firms have also commented on GBERY. Barclays reduced their price target on Geberit from CHF 690 to CHF 680 and set an “equal weight” rating for the company in a research report on Friday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Geberit in a research report on Wednesday, September 29th. Cheuvreux lowered Geberit from a “hold” rating to a “reduce” rating in a research report on Monday, November 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research report on Thursday, November 4th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $650.00.

Shares of GBERY traded down $2.89 during trading hours on Friday, hitting $73.18. The company had a trading volume of 2,425 shares, compared to its average volume of 4,125. Geberit has a one year low of $59.18 and a one year high of $84.67. The company’s fifty day moving average price is $78.47 and its two-hundred day moving average price is $79.19.

About Geberit

Geberit AG engages in the development, manufacture, and distribution of sanitary products and systems for the residential and industrial construction industry. It offers installation and flushing systems such as installation systems, cisterns and mechanisms; bathroom system such as bathroom ceramics and furniture, showers and bathtubs, taps and controls, and shower toilets; and piping systems such as building drainage and supply systems.

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