Analyst Price Target Update on General Dynamics Corporation (NYSE:GD)

General Dynamics Corporation (NYSE:GD): The mean short term price target for General Dynamics Corporation (NYSE:GD) has been established at $164.56 per share. The higher price target estimate is at $175 and the lower price target estimate is expected at $152 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.83

Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs maintains the rating on General Dynamics Corporation (NYSE:GD). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $151 per share to $147 per share. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The officer (Senior VP, Gen. Counsel, Sec.), of General Dynamics Corp, Gallopoulos Gregory S had unloaded 60,890 shares at $134.47 per share in a transaction on February 18, 2016. The total value of transaction was $8,187,878. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

General Dynamics Corporation (NYSE:GD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.42 points or 1.71% at $139.11 with 1,390,839 shares getting traded. Post opening the session at $141.2, the shares hit an intraday low of $139.03 and an intraday high of $141.616 and the price was in this range throughout the day. The company has a market cap of $42,519 million and the number of outstanding shares have been calculated to be 305,646,970 shares. The 52-week high of General Dynamics Corporation (NYSE:GD) is $153.76 and the 52-week low is $121.6065.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; communications and information technology systems and solutions, and military and commercial shipbuilding. The Company operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Aerospace group designs, manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering, spanning design, development, manufacture and support of military vehicles, weapons systems and munitions. Marine Systems group designs, builds and supports submarines and surface ships. Information Systems and Technology group provides technologies, products and services that support a range of military, federal/civilian and commercial information-systems requirements.

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