Green Plains (GPRE) : 3 brokerage houses believe that Green Plains (GPRE) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Green Plains (GPRE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
Green Plains (GPRE) stock is expected to deviate a maximum of $4.39 from the average target price of $20.6 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $25 and the most muted being $15.
Green Plains (NASDAQ:GPRE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.13 and $19.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.66, notching a gain of 1.97% for the day. The total traded volume was 590,734 . The stock had closed at $20.26 on the previous day.
The company shares have dropped -19.19% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $34.05 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.55 and the 200 Day Moving Average price is recorded at $17.21.
Green Plains Inc. is a producer, marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment, which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment, which is engaged in corn oil extraction systems; Agribusiness segment, which is engaged in grain handling and storage and cattle feedlot operations, and Marketing and Distribution segment, which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility, which includes approximately 100 million gallons per year of production capacity, a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually, producing over 1.2 billion gallons of ethanol, approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.