The Goodyear Tire & Rubber Comp found using ticker (GT) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 28 and 12 calculating the average target price we see 18.75. With the stocks previous close at 11.37 this indicates there is a potential upside of 64.9%. The 50 day moving average now sits at 13.51 and the 200 day MA is 17.75. The company has a market capitalisation of $3,316m. Company Website: https://www.goodyear.com
The potential market cap would be $5,469m based on the market concensus.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.
