A statement released earlier today by Robert W. Baird about General Dynamics Corporation (NYSE:GD) ups the target price to $181.00
- Updated: October 8, 2016
Just yesterday General Dynamics Corporation (NYSE:GD) traded -0.77% lower at $153.72. The company’s 50-day moving average is $152.96 and its 200-day moving average is $143.96. With the last stock price close up 6.25% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 2,063,784 shares of GD changing hands over the typical 1,343,360
In a statement issued on 10/06/2016 Robert W. Baird raised the target price of General Dynamics Corporation (NYSE:GD) to $181.00 stating a potential upside of 0.18%.
Previously on 09/07/2016, Citigroup reported on General Dynamics Corporation (NYSE:GD) increased the target price from $162.00 to $185.00. At the time, this indicated a possible upside of 0.20%.
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General Dynamics Corporation has 52 week low of $121.61 and a 52 week high of $156.97 with a PE ratio of 16.27 and has a market capitalization of $0.
A total of 17 brokerages have issued a ratings update on General Dynamics Corporation. Eight brokers rating the stock a strong buy, 7 equity analysts rating the company a buy, five firms rating the stock a hold, 0 analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $161.29.
Brief Synopsis On General Dynamics Corporation (NYSE:GD)
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding. The Company operates through four business groups: Aerospace, which produces Gulfstream aircraft; provides aircraft services, and performs aircraft completions for other original equipment manufacturers (OEMs); Combat Systems, which design and manufacture combat vehicles, weapons systems and munitions; Information Systems and Technology, which provides C4ISR solutions and IT services, and Marine Systems, which design and build nuclear-powered submarines, surface combatants and auxiliary and combat-logistics ships for the United States Navy, and Jones Act ships for commercial customers.
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