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Jefferies & Co announced Barnes Group (NYSE:B), boosting its stock price target to $66.00 today

Yesterday Barnes Group (NYSE:B) traded -0.34% lower at $59.65. The company’s 50-day moving average is $66.35 and its 200-day moving average is $59.09. The last closing price is up 19.28% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 183,963 shares of the stock were exchanged, down from an average trading volume of 267,068

In a report released on Thursday June 08, 2017 Jefferies & Co increased the stock price target of Barnes Group (NYSE:B) to $66.00 indicating a possible upside of 0.11%.

See Chart Below

Barnes Group (NYSE:B)

Barnes Group has a 52 week low of $37.88 and a 52 week high of $72.28 with a P/E ratio of 24.65 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price is $40.71 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Barnes Group (NYSE:B)

Barnes Group Inc. is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company's engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. Its segments include Industrial and Aerospace. The Industrial segment is engaged in the manufacturing of precision parts, products and systems for applications serving a customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. The Industrial segment includes the Molding Solutions, Nitrogen Gas Products and Engineered Components business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which includes maintenance repair and overhaul services and the manufacture and delivery of aerospace aftermarket spare parts.

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