Groupe Bruxelles Lambert (OTCMKTS:GBLBY) Shares Up 7.5% – Here’s Why

Groupe Bruxelles Lambert SA (OTCMKTS:GBLBYGet Free Report)’s stock price shot up 7.5% during mid-day trading on Tuesday . The company traded as high as $9.83 and last traded at $9.83. 224 shares were traded during trading, a decline of 53% from the average session volume of 481 shares. The stock had previously closed at $9.14.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Groupe Bruxelles Lambert in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on GBLBY

Groupe Bruxelles Lambert Trading Up 7.5%

The business has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $8.83.

Groupe Bruxelles Lambert Company Profile

(Get Free Report)

Groupe Bruxelles Lambert (OTCMKTS:GBLBY) is a Belgian investment holding company headquartered in Brussels. Established in 1972 through the consolidation of two family-controlled investment entities, GBL has evolved into one of Europe’s leading diversified investment groups. The company’s strategy focuses on long-term value creation through active ownership and stewardship, positioning itself as a stable partner to the companies in which it invests.

GBL maintains a broad portfolio spanning multiple sectors, including consumer goods, healthcare, energy, materials and financial services.

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