Glanbia (OTCMKTS:GLAPY) Reaches New 1-Year High – Still a Buy?

Glanbia Plc ADR (OTCMKTS:GLAPY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $120.00 and last traded at $118.22, with a volume of 463 shares changing hands. The stock had previously closed at $98.24.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLAPY. Zacks Research raised shares of Glanbia to a “hold” rating in a research note on Tuesday, March 3rd. Kepler Capital Markets lowered shares of Glanbia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Glanbia Price Performance

The company’s 50 day moving average is $100.78 and its 200-day moving average is $94.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 0.81.

About Glanbia

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.