Geberit (OTCMKTS:GBERY) Sees Large Volume Increase – Still a Buy?

Geberit AG (OTCMKTS:GBERY) saw unusually-high trading volume on Thursday . Approximately 24,038 shares changed hands during trading, an increase of 64% from the previous session’s volume of 14,642 shares.The stock last traded at $67.3250 and had previously closed at $67.8950.

Analysts Set New Price Targets

GBERY has been the topic of several recent research reports. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Geberit in a report on Monday, August 24th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Geberit has a consensus rating of “Reduce”.

Geberit Price Performance

The company has a 50-day moving average price of $67.30 and a 200-day moving average price of $67.95.

Geberit Company Profile

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems. The company develops solutions for water supply, drainage, and bathroom environments, serving residential, commercial, and public construction projects.

Its product portfolio includes sanitary installation systems, concealed cisterns and controls, piping systems, faucets, shower and bathroom solutions, and bathroom ceramics and furniture. Geberit sells products under its own brand and supplies plumbing professionals, distributors, architects, and construction companies.

Founded in 1874, Geberit has grown from a Swiss plumbing-products business into an international group focused primarily on the European market, with operations and customers across numerous countries.