MSFT 414.2162 -0.3066% AAPL 228.5 -0.2183% NVDA 146.7395 0.5823% GOOGL 167.89 -4.5971% GOOG 169.5501 -4.3872% AMZN 198.38 -2.2181% META 563.1866 -0.4126% AVGO 164.04 0.4839% TSLA 340.34 -0.4941% TSM 190.62 1.1998% LLY 748.98 -0.588% V 309.9 0.8166% JPM 244.85 1.6903% UNH 597.49 -0.5012% NVO 102.79 -2.3558% WMT 88.39 1.3879% LVMUY 120.53 -0.9044% XOM 122.0297 1.421% LVMHF 603.0 -1.1492% MA 514.67 0.4156%
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GMS Inc. (NYSE: GMS) stock price rises as brokers raise price target
Summary
GMS Inc. (NYSE: GMS) distributes specialty building products such as wallboards, suspended ceiling systems and other such building products. GMS generates majority of its revenue from the United States through its Wallboard products.
The distribution company received rating and price target renewals from brokers soon after the release of its financial results for Q1 FY24. The price target upgrade led to the company’s share price rising 2.5% on September 1, 2023, to US$71.05.
Refinitiv data suggests that GMS has a mean recommendation rating of 2.3 on a scale of one to ten. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell' rating. Meanwhile, the data also suggests that the consensus mean price target on the stock is US$78.89 as at the close of trade on September 1, 2023.
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