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Owens-Illinois Inc (NYSE:OI) target price raised to $18.00, released a report earlier today by RBC Capital Markets

Stating a potential downside of -0.01%, RBC Capital Markets upped the price target of Owens-Illinois Inc (NYSE:OI) to $18.00

Boasting a price of $18.26, Owens-Illinois Inc (NYSE:OI) traded 0.71% higher on the day. With the last stock price close up 2.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. OI has recorded a 50-day moving average of $18.04 and a 200-day moving average of $18.03. 1,832,181 shares of OI traded hands, up from an average trading volume of 1,484,630

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Owens-Illinois Inc (NYSE:OI)

Owens-Illinois Inc has a 52 week low of $11.58 and a 52 week high of $24.05 with a P/E ratio of 15.34 The company’s market cap is currently $0.

Also covering Owens-Illinois Inc's price target, a total of 11 brokers have issued a research note on the company. The 12-month price target is $20.45 with two firms rating the stock a strong buy, 2 equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero brokerages rating the stock a sell.

Brief Synopsis On Owens-Illinois Inc (NYSE:OI)

Owens-Illinois, Inc. is engaged in the manufacturing of glass containers. The Company's principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. It also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Europe segment produces glass containers for the beer, wine, champagne, spirits and food markets. The North America segment has over 20 glass container manufacturing plants and over one distribution facility in the United States and Canada. The Latin America segment produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceutical markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets.

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