Greenhill (GHL) is Initiated by Buckingham Research to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.
Shares of Greenhill & Co., Inc. (NYSE:GHL) ended Thursday session in red amid volatile trading. The shares closed down 0.65 points or 2.35% at $26.99 with 388,103 shares getting traded. Post opening the session at $27.55, the shares hit an intraday low of $26.9475 and an intraday high of $27.71 and the price vacillated in this range throughout the day. The company has a market cap of $791 million and the number of outstanding shares has been calculated to be 29,325,374 shares. The 52-week high of Greenhill & Co., Inc. (NYSE:GHL) is $44.43 and the 52-week low is $23.77.
During the last several months other analysts have commented on the company rating. In the latest statement by the brokerage house, Susquehanna maintains its outlook on Greenhill & Co., Inc. (NYSE:GHL). The current rating of the shares is Positive, according to the research report released by the firm. The brokerage firm lowers the price target from $46 per share to $39 per share. The rating by the firm was issued on October 12, 2015.
Analysts at Zacks have given a short term rating of sell on Greenhill & Co., Inc. (NYSE:GHL) with a rank of 4. The shares has received an average rating of 3 from 2 brokerage firms. The shares has been rated as hold from 2 Wall Street Analysts.
Greenhill & Co., Inc. (NYSE:GHL) shares are expected to touch $36 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 5.66. The target price could hit $40 on the higher end and $32 on the lower end.
Shares of Greenhill & Co., Inc. rose by 0.48% in the last five trading days and 10.34% for the last 4 weeks. Greenhill & Co., Inc. has dropped 12.57% during the last 3-month period . Year-to-Date the stock performance stands at -34.73%.
Greenhill & Co., Inc. (Greenhill)is an independent investment bank focused on providing financial advice on mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. The Company provides advisory services primarily in connection with mergers and acquisitions, financings, restructurings, and capital raisings. On merger and acquisition engagements, it provide a broad range of advice to global clients in relation to domestic and cross-border mergers, acquisitions, and similar corporate finance matters and are generally involved at each stage of these transactions, from initial structuring to final execution. It advises client’s matters, including acquisitions, divestitures, defensive tactics, special committee projects and other important corporate events. It also provides advice on valuation, tactics, industry dynamics, structuring alternatives, timing and pricing of transactions, and financing alternatives.