GMR Solutions (NYSE:GMRS) Upgraded to Strong-Buy at UBS Group

GMR Solutions (NYSE:GMRS) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also issued reports on GMRS. Citigroup assumed coverage on GMR Solutions in a report on Sunday. They issued a “buy” rating and a $17.00 target price for the company. Needham & Company LLC set a $18.00 price target on GMR Solutions in a report on Monday. Morgan Stanley started coverage on GMR Solutions in a research report on Monday. They set an “equal weight” rating and a $14.00 price target on the stock. Bank of America started coverage on GMR Solutions in a research note on Monday. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Barclays began coverage on GMR Solutions in a research report on Monday. They set an “overweight” rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $19.22.

GMR Solutions Stock Up 10.0%

GMRS stock opened at $11.64 on Monday. GMR Solutions has a 52-week low of $10.26 and a 52-week high of $15.00.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings results on Monday, June 1st. The company reported $999.00 EPS for the quarter. The firm had revenue of $1.46 billion during the quarter.