Kepler Capital Downgrades Glanbia (GLAPF) to Hold
Glanbia (GLAPF) received a Hold rating and a EUR11.50 price target from Kepler Capital analyst Christian Nordby on June 8. The company’s shares closed last Wednesday at $17.25.
Nordby has an average return of 51.6% when recommending Glanbia.
According to TipRanks.com, Nordby is ranked #1194 out of 7547 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Glanbia with a $15.88 average price target.
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Glanbia’s market cap is currently $5.01B and has a P/E ratio of 28.50. The company has a Price to Book ratio of 11.27.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLAPF in relation to earlier this year.
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Glanbia Plc engages in the manufacture and distribution of dairy and nutritional ingredients. It operates through the following segments: Glanbia Performance Nutrition, Glanbia Nutritionals, Glanbia Ireland, and All Other. The Glanbia Performance Nutrition segment manufactures and sells performance nutrition products. The Glanbia Nutritionals segment manufactures and sells cheese, dairy and non-dairy nutritional ingredients. The Glanbia Ireland segment manufactures and sells cheese and dairy ingredients, and a range of consumer products from farm inputs. The All other segment includes both the results of other equity accounted investees who manufacture and sell cheese and dairy ingredients and unallocated corporate costs. The company was founded in 1997 and is headquartered in Kilkenny, Ireland.