Geberit (OTCMKTS:GBERY) Sees Strong Trading Volume – Still a Buy?

Geberit AG (OTCMKTS:GBERY) shares saw strong trading volume on Thursday. 42,581 shares traded hands during mid-day trading, an increase of 169% from the previous session’s volume of 15,806 shares. The stock last traded at $64.1550 and had previously closed at $65.09.

Analysts Set New Price Targets

A number of research analysts have issued reports on GBERY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Geberit currently has a consensus rating of “Reduce”.

Geberit Trading Down 1.9%

The company’s fifty day simple moving average is $67.73 and its two-hundred day simple moving average is $66.74.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems for residential, commercial and public buildings. The company develops solutions used in bathrooms and building infrastructure, with products spanning sanitary installation systems, piping systems, bathroom ceramics, bathroom furniture, faucets and other related equipment.

Geberit’s product portfolio includes concealed cisterns and installation frames, drainage and water-supply piping, sanitary fixtures, showers, toilets and bathroom accessories.