Zacks Investment Research upgraded shares of Metso Corp. (OTCMKTS:MXCYY) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $8.00 price target on the stock.
According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “
MXCYY has been the topic of a number of other research reports. Credit Suisse Group AG reaffirmed a neutral rating on shares of Metso Corp. in a research report on Tuesday, September 20th. Barclays PLC raised Metso Corp. from an underweight rating to an equal weight rating in a report on Friday, July 22nd.
Metso Corp. (OTCMKTS:MXCYY) opened at 7.10 on Wednesday. The company’s 50 day moving average price is $7.11 and its 200-day moving average price is $6.30. The company has a market capitalization of $4.26 billion, a P/E ratio of 23.20 and a beta of 2.12. Metso Corp. has a 52 week low of $4.76 and a 52 week high of $7.38.
About Metso Corp.
Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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