Gibraltar Industries Inc (NASDAQ:ROCK) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Gibraltar Industries Inc (NASDAQ:ROCK) to Hold in a statement released on 10/13/2016.
On 9/28/2015, Global Hunter Securities released a statement about Gibraltar Industries Inc (NASDAQ:ROCK) upped the target price from $0.00 to $28.00 that suggested an upside of 0%.
Having a price of $37.44, Gibraltar Industries Inc (NASDAQ:ROCK) traded -2.17% lower on the day. With the last stock price up 14.18% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ROCK has recorded a 50-day average of $37.49 and a two hundred day average of $32.84. Trade Volume was down over the average, with 64,277 shares of ROCK changing hands under the typical 223,222
Recent Performance Chart
Gibraltar Industries Inc has PE ratio of 32.02 with a one year low of $18.23 and a one year high of $40.00 and has a market capitalization of $0.
A total of 5 brokerages have issued a ratings update on Gibraltar Industries Inc. Two brokerages rating the company a strong buy, two brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $31.60.
General Company Details For Gibraltar Industries Inc (NASDAQ:ROCK)
Gibraltar Industries, Inc. is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation. The Residential Products segment focuses on the residential housing construction and residential repair and remodeling activity. The Industrial and Infrastructure Products segment focuses on a range of markets, including discrete and process manufacturing, highway and bridge construction markets, energy and power generation. The Renewable Energy and Conservation segment primarily contracts with solar developers, power system providers, retail garden centers, conservatories and botanical gardens, commercial growers and schools and universities. The Company serves customers primarily throughout North America, Europe and Asia.
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