DZ Bank AG Reaffirms Buy Rating for Grammer AG (ETR:GMM)

DZ Bank AG reissued their buy rating on shares of Grammer AG (ETR:GMM) in a research report sent to investors on Wednesday.

GMM has been the subject of several other research reports. Warburg Research set a €64.00 ($75.29) price target on Grammer AG and gave the stock a buy rating in a research report on Monday, May 29th. Baader Bank set a €55.00 ($64.71) price target on Grammer AG and gave the stock a neutral rating in a research report on Monday, May 29th.

Shares of Grammer AG (GMM) opened at 42.651 on Wednesday. The stock has a 50 day moving average price of €47.43 and a 200-day moving average price of €52.74. Grammer AG has a 1-year low of €41.53 and a 1-year high of €61.61. The company has a market cap of €545.98 million and a price-to-earnings ratio of 11.268.

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About Grammer AG

GRAMMER AG is a Germany-based company that is active in the automobiles and auto parts sector. The Company develops and manufactures components and systems for automobile interiors, as well as driver and passenger seats. It is organized into two business segments: Automotive and Seating Systems. The Automotive segment supplies headrests, armrests, and center consoles, and the Seating Systems segment provides driver seats for trucks and off-road vehicles, including tractors and agricultural machinery, construction machinery and fork-lifts, as well as driver and passenger seating solutions for trains, coaches and inter-urban buses.

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