Granite Construction Incorporated (GVA) Receives Price Target

Granite Construction Incorporated (GVA) : 7 investment research analysts covering Granite Construction Incorporated (GVA) have an average price target of $55.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $50 for the short term. Analysts expect the variance to be within $3.6 of the average price.

Granite Construction Incorporated (GVA) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, MKM Partners maintains its rating on Granite Construction Incorporated (NYSE:GVA). The global brokerage major raises the current price target from $55 per share to $56 per share. Analysts at the MKM Partners have a current rating of Buy on the shares. The rating by the firm was issued on August 2, 2016.

Granite Construction Incorporated (NYSE:GVA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.21 and $47.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.36, notching a gain of 0.75% for the day. The total traded volume was 193,605 . The stock had closed at $48.00 on the previous day.

Granite Construction Incorporated (Granite) is a heavy civil contractors and construction materials producer in the United States. The Company operates through segments, including Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.

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