Bank of America (Merrill Lynch) downgraded Greif Inc (NYSE:GEF) from Buy to Neutral in a report released earlier today.
- Updated: November 26, 2016
Boasting a price of $52.17, Greif Inc (NYSE:GEF) traded 0.74% higher on the day. With the last close up 25.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. GEF has recorded a 50-day moving average of $49.52 and a 200-day moving average of $43.10. 71,946 shares of the stock traded hands, down from an average trading volume of 234,692
Bank of America (Merrill Lynch) has downgraded Greif Inc (NYSE:GEF) from Buy to Neutral in a statement released on 11/22/2016.
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Greif Inc has a 52 week low of $23.88 and a 52 week high of $57.97 with a P/E ratio of 32.83 The company’s market cap is currently $0.
In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 4 brokers have issued a research note on Greif Inc. The 12-month price target is $38.75 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About Greif Inc (NYSE:GEF)
Greif, Inc. is a producer of industrial packaging products and services. The Company's products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services. The Company operates in four business segments: Rigid Industrial Packaging & Services; Flexible Products & Services; Paper Packaging, and Land Management. The Company sells its rigid industrial packaging products to customers in industries, such as chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and mineral, among others. The Company has manufacturing facilities located in over 50 countries.
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