Greif, Inc. (NYSE:GEF) has been downgraded to Neutral in a report by Bank of America Corp. earlier today.
- Updated: November 27, 2016
Bank of America Corp. has downgraded Greif, Inc. (NYSE:GEF) to Neutral in a statement released on 11/22/2016.
Displaying a price of $54.02, Greif, Inc. (NYSE:GEF) traded 0.74% higher on the day. The last stock close price is up 25.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Greif, Inc. has recorded a 50-day average of $49.52 and a two hundred day average of $43.10. Trade Volume was down over the average, with 71,946 shares of GEF changing hands under the typical 234,692
Recent Performance Chart
Greif, Inc. has PE ratio of 32.83 with a 52 week low of $23.88 and a 52 week high of $57.97 and has a market capitalization of $0.
In addition to Bank of America Corp. reporting its target price, a total of 4 firms have released a ratings update on GEF. The one year target is $38.75 with zero brokers rating the stock a strong buy, 0 brokers rating the stock a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
Brief Synopsis 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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