Glatfelter Corporation with ticker code (GLT) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 21 and 18 and has a mean target at 19.5. Given that the stocks previous close was at 12.09 this is indicating there is a potential upside of 61.3%. The 50 day moving average now sits at 13.21 while the 200 day moving average is 15.41. The company has a market capitalisation of $549m. Company Website: https://www.glatfelter.com
The potential market cap would be $886m based on the market concensus.
Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications. The Airlaid Materials segment supplies absorbent cellulose-based airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene and other hygiene products, specialty wipes, tabletop, adult incontinence, home care, and other consumer and industrial products. The Spunlace segment manufactures spunlace nonwovens for cleaning, high-performance materials, personal care, hygiene, and medical applications. The company was formerly known as P. H. Glatfelter Company. Glatfelter Corporation was founded in 1864 and is headquartered in Charlotte, North Carolina.
