Grupo TMM, S.A.B. (NASDAQ:GTMAY)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $1.50 price target on the stock. Zacks‘ price target suggests a potential upside of 82.93% from the company’s current price.
Zacks‘ analyst wrote, “Grupo TMM is one of the largest maritime transportation companies in Mexico. The firm, through its subsidiaries provides maritime services and ports and terminals management to international and domestic clients throughout Mexico. As part of its growth strategy, the firm is committed to modernizing its fleet and increasing its penetration in Mexican Ports, which will in turn maximize margins. TMM’s offshore and product tanker fleet generally work with long and medium-term contracts which has the effect of predictable cash flows. “
Grupo TMM, S.A.B. (NASDAQ:GTMAY) remained flat at $0.82 during trading on Monday. Grupo TMM, S.A.B. has a 1-year low of $0.71 and a 1-year high of $1.10. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $0.85. The company’s market cap is $16.8 million.
Grupo TMM SAB is a Mexico-based company engaged in the provision of specialized maritime and integrated logistics services.
To view Zacks’ full report, visit www.zacks.com
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