Commercial Vehicle Group (CVGI) was Upgraded by Seaport Global Securities to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 5 from a previous price target of $3 . Earlier the firm had a rating of “Neutral ” on the company shares. Seaport Global Securities advised their investors in a research report released on May 17, 2016.
Commercial Vehicle Group opened for trading at $2.49 and hit $2.75 on the upside on Monday, eventually ending the session at $2.68, with a gain of 9.39% or 0.23 points. The heightened volatility saw the trading volume jump to 3,12,959 shares. Company has a market cap of $82 M.
Commercial Vehicle Group Inc. (CVG) is a supplier of a range of cab related products and systems for the global commercial vehicle market including the medium-and heavy-duty truck (MD/HD Truck) market the medium-and heavy-construction vehicle market and the military bus agriculture specialty transportation mining industrial equipment and off-road recreational markets. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells seats and seating systems; trim systems and components; cab structures sleeper boxes body panels and structural components and mirrors wipers and controls. The GCA Segment offers electronic wire harnesses and panel assemblies; seats and seating systems; office seating and wipers systems.