Credit Suisse Downgrades Greenhill & Co. to Underperform

Brokerage firm Credit Suisse Downgrades its rating on Greenhill & Co.(NYSE:GHL). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jul 21, 2016.

Greenhill & Co. (GHL) made into the market gainers list on Wednesdays trading session with the shares advancing 1.92% or 0.36 points. Due to strong positive momentum, the stock ended at $19.14, which is also near the day’s high of $19.21. The stock began the session at $18.98 and the volume stood at 2,93,942 shares. The 52-week high of the shares is $41.57 and the 52 week low is $15.62. The company has a current market capitalization of $571 M and it has 2,98,30,950 shares in outstanding.

Greenhill & Co.(GHL) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $66.86M. Analysts had an estimated revenue of $55.99M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Oct 27, 2015, Scott L Bok (CEO) purchased 202,510 shares at $24.89 per share price.Also, On Feb 20, 2015, Karen P Robards (director) purchased 1,000 shares at $39.06 per share price.

Greenhill & Co. Inc. is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions restructurings financings capital raisings and other strategic transactions to client base including corporations partnerships institutions and governments. The Company advises debtors creditors governments pension funds and other stakeholders as well as potential acquirers of distressed companies and assets. The Company also provides advice in connection with activist response strategies and other mission critical situations. It acts for clients located across the world from its offices located in the United States United Kingdom Germany Canada Japan Australia Sweden and Brazil. The Company’s wholly owned subsidiaries include Greenhill & Co. LLC (G&Co) Greenhill & Co. International LLP (GCI) and Greenhill & Co. Australia Pty Limited (Greenhill Australia) which provide advisory services in various jurisdictions.

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