RBC Capital Maintains Sector Perform Rating for GMS: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of GMS GMS and raise its price target from $55.00 to $68.00.

Shares of GMS are trading up 2.07% over the last 24 hours, at $69.50 per share.

A move to $68.00 would account for a 2.16% decline from the current share price.

About GMS

GMS Inc is a distributor of specialty building products including wallboard, suspended ceilings systems, or ceilings, steel framing, and other complementary building products. The company serves its products to commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R). Its geographical segment is Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The company generates maximum revenue from Wallboard products and geographically from the United States.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.