Geberit (OTCMKTS:GBERY) PT Lowered to CHF 650 at Barclays

Geberit (OTCMKTS:GBERY) had its price objective lowered by equities research analysts at Barclays from CHF 680 to CHF 650 in a report issued on Friday, The Fly reports.

Several other research firms also recently weighed in on GBERY. Cheuvreux downgraded shares of Geberit from a “hold” rating to a “reduce” rating in a research report on Monday, November 22nd. UBS Group restated a “neutral” rating on shares of Geberit in a report on Wednesday, September 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Geberit from CHF 565 to CHF 650 in a report on Friday. Finally, Morgan Stanley restated an “underweight” rating on shares of Geberit in a report on Thursday, November 4th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $650.00.

Shares of GBERY traded down $2.89 during mid-day trading on Friday, hitting $73.18. The company’s stock had a trading volume of 2,425 shares, compared to its average volume of 4,125. The firm has a 50-day moving average price of $78.47 and a 200 day moving average price of $79.19. Geberit has a fifty-two week low of $59.18 and a fifty-two week high of $84.67.

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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