Greif Inc (Symbol: GEF) has seen its shares rise to $66.46, surpassing the average analyst 12-month target price of $65.50 as of recent trading. This surge indicates potential changes in analyst ratings, prompting evaluation of whether the target should be adjusted higher or if the current valuation is too stretched.
Analyst predictions for Greif vary, with one target set as low as $56.00 and another as high as $71.00, resulting in a standard deviation of $6.557. Currently, out of the Zacks coverage, 2 analysts have a strong buy rating, while 3 maintain a hold rating, reflecting a stable outlook for the company.
The average analyst rating stands at 2.2 on a scale where 1 is a strong buy and 5 is a strong sell, indicating a generally favorable view of Greif Inc’s stock among market analysts.
