A statement released earlier today by Goldman Sachs Group Inc. about WestRock Co (NYSE:WRK) raises the target price to $53.00
- Updated: September 21, 2016
Yesterday WestRock Co (NYSE:WRK) traded 2.22% higher at $48.29. The company’s 50-day moving average is $46.20 and its 200-day moving average is $41.21. The last closing price is up 17.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,742,706 shares of the stock traded hands, down from an average trading volume of 1,874,440
In a report released on Thursday September 22, 2016 Goldman Sachs Group Inc. increased the stock price target of WestRock Co (NYSE:WRK) to $53.00 indicating a possible upside of 0.10%.
Previously on 09/01/2016, Citigroup reported on WestRock Co (NYSE:WRK) increased the target price from $52.00 to $56.00. At the time, this indicated a possible upside of 0.17%.
See Chart Below
WestRock Co has a 52 week low of $29.73 and a 52 week high of $57.85 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 16 brokers have issued a report on the company. The average stock price target is $70.56 with 5 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.