JPMorgan Chase & Co. Reiterates €44.00 Price Target for Alstom (EPA:ALO)

JPMorgan Chase & Co. set a €44.00 ($51.16) target price on Alstom (EPA:ALO) in a research note published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Oddo Bhf set a €44.50 ($51.74) price objective on Alstom and gave the company a buy rating in a research report on Friday, May 17th. Berenberg Bank raised to a buy rating and lifted their price objective for the company from GBX 560 ($7.32) to GBX 590 ($7.71) in a research report on Thursday, July 4th. Deutsche Bank reaffirmed a hold rating and set a GBX 350 ($4.57) price objective on shares of in a research report on Friday, July 5th. UBS Group cut to a neutral rating and lifted their price objective for the company from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a research report on Tuesday, June 25th. Finally, Morgan Stanley set a $165.00 price objective on Caterpillar and gave the company a buy rating in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of €43.76 ($50.88).

ALO stock opened at €37.74 ($43.88) on Thursday. Alstom has a twelve month low of €25.65 ($29.83) and a twelve month high of €37.37 ($43.45). The company’s 50-day moving average is €41.22.

Alstom Company Profile

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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Analyst Recommendations for Alstom (EPA:ALO)

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