Kepler Capital analyst Christian Nordby downgraded Glanbia (GLAPF – Research Report) to Hold on October 26 and set a price target of EUR14.30. The company’s shares closed last Friday at $15.72.
According to TipRanks.com, Nordby is a 3-star analyst with an average return of 5.3% and a 50.7% success rate. Nordby covers the Consumer Goods sector, focusing on stocks such as Norway Royal Salmon ASA, Nestlé SA, and Emmi AG.
Currently, the analyst consensus on Glanbia is a Moderate Buy with an average price target of $18.09.
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Based on Glanbia’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
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Glanbia Plc engages in the manufacture and distribution of dairy and nutritional ingredients. It operates through the following segments: Glanbia Performance Nutrition, Glanbia Nutritionals, Glanbia Ireland, and All Other. The Glanbia Performance Nutrition segment manufactures and sells performance nutrition products. The Glanbia Nutritionals segment manufactures and sells cheese, dairy and non-dairy nutritional ingredients. The Glanbia Ireland segment manufactures and sells cheese and dairy ingredients, and a range of consumer products from farm inputs. The All other segment includes both the results of other equity accounted investees who manufacture and sell cheese and dairy ingredients and unallocated corporate costs. The company was founded in 1997 and is headquartered in Kilkenny, Ireland.
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