GT Advanced Technologies (NASDAQ: GTAT) had its target price cut by Credit Suisse from $4.00 to $3.00 in a report released on Monday.
Shares of GT Advanced Technologies traded up 2.21% during mid-day trading on Monday, hitting $2.78. GT Advanced Technologies has a 52 week low of $2.61 and a 52 week high of $8.61. The stock’s 50-day moving average is currently $3.. The company’s market cap is $331.6 million.
A number of other firms have also recently commented on GTAT. Analysts at Jefferies Group upgraded shares of GT Advanced Technologies from an underperform rating to a hold rating in a research note to investors on Wednesday, January 16th. They now have a $3.00 price target on the stock, down previously from $4.00. Separately, analysts at UBS AG downgraded shares of GT Advanced Technologies from a buy rating to a neutral rating in a research note to investors on Wednesday, December 19th. They now have a $3.30 price target on the stock. Finally, analysts at Bank of America cut their price target on shares of GT Advanced Technologies from $5.50 to $4.50 in a research note to investors on Wednesday, December 19th. They now have a neutral rating on the stock.
One analyst has rated the stock with a buy rating, eleven have given a hold rating, and one has issued an underweight rating to the company’s stock. The stock presently has a consensus rating of hold and a consensus price target of $3.36.
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