O-I Glass with ticker code (OI) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 24 and 12.5 calculating the mean target price we have 16.35. With the stocks previous close at 13.25 this would imply there is a potential upside of 23.4%. The 50 day MA is 12.99 and the 200 moving average now moves to 13.71. The company has a market capitalisation of $2,062m. You can visit the company’s website by visiting: https://www.o-i.com
The potential market cap would be $2,544m based on the market concensus.
O-I Glass, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
