A report released today by Goldman Sachs about Westrock Co (NYSE:WRK) raises the target price to $53.00
- Updated: September 24, 2016
In a report released on 9/22/2016 Goldman Sachs raised the target price of Westrock Co (NYSE:WRK) to $53.00 stating a potential upside of 0.10%.
Previously on 09/01/2016, Citigroup reported on Westrock Co (NYSE:WRK) raised the target price from $52.00 to $56.00. At the time, this indicated a possible upside of 0.17%.
Showing a price of $48.29, Westrock Co (NYSE:WRK) traded 0.08% higher on the day. With the last stock price close up 17.05% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time period. Westrock Co has recorded a 50-day average of $46.52 and a two hundred day moving average of $41.35. 1,282,204 shares of WRK traded hands, down from an avg. volume of 1,875,470
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Westrock Co has 52 week low of $29.73 and a 52 week high of $57.85 and has a market cap of $0.
A total of 16 brokers have issued a ratings update on Westrock Co. 5 firms rating the company a strong buy, four equity analysts rating the company a buy, six analysts rating the company a hold, one broker rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average target price of $70.56.
About Westrock Co (NYSE:WRK)
Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company's operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia. It also operates a specialty chemicals business and develops real estate in Charleston, South Carolina. The Company's corrugated packaging system manufactures containerboard, corrugated sheets, corrugated packaging and preprinted linerboard for sale to consumer and industrial products manufacturers and corrugated box manufacturers. It operates virgin and recycled fiber paperboard mills and consumer packaging converting operations, which convert items, such as folding and beverage cartons, displays, dispensing and interior partitions. The Company manufactures, markets and distributes specialty chemicals derived from sawdust and other byproducts of the papermaking process.
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