Greenhill & Co. (GHL) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Greenhill & Co. (GHL). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 1 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Also, In the latest statement by the brokerage house, Credit Suisse downgrades its outlook on Greenhill & Co. (NYSE:GHL). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm maintains the price target at $13 per share. The rating by the firm was issued on July 21, 2016.
Greenhill & Co. (NYSE:GHL): After opening at $22.84, the stock dipped to an intraday low of $22.84 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.82 and the buying power remained strong till the end. The stock closed at $23.53 for the day, a gain of 3.16% for the day session. The total traded volume was 614,356. The stocks close on the previous trading day was $22.81.
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 Companys 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.