Morgan Stanley set a €47.00 ($54.65) price objective on Alstom (EPA:ALO) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group set a €49.00 ($56.98) price objective on shares of Alstom and gave the stock a buy rating in a research report on Tuesday, December 3rd. Credit Suisse Group set a €37.00 ($43.02) target price on Alstom and gave the company a neutral rating in a research report on Monday, August 19th. JPMorgan Chase & Co. set a €43.00 ($50.00) target price on Alstom and gave the company a buy rating in a research report on Monday, November 11th. Kepler Capital Markets set a €41.00 ($47.67) target price on Alstom and gave the stock a neutral rating in a research note on Thursday, November 7th. Finally, Deutsche Bank set a €37.00 ($43.02) price target on Alstom and gave the stock a neutral rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of €43.50 ($50.58).
Shares of ALO opened at €40.52 ($47.12) on Thursday. Alstom has a 52 week low of €25.65 ($29.83) and a 52 week high of €37.37 ($43.45). The firm’s 50-day simple moving average is €38.70 and its 200 day simple moving average is €39.20.
Alstom SA develops and markets systems, equipment, and services for the transport sector in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. The company offers metros, tramways, tram-trains, suburban trains, regional trains, high-speed trains, and passengers and freight locomotives; and signaling products, such as rail control systems, security and control, trackside, and interlocking products.
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