According to an update released by analysts at Canaccord Genuity the broker has now set a ‘Hold’ rating on shares of Triumph Group, Inc. (NYSE:TGI) with a price target of 30.
Canaccord Genuity on Friday maintained Triumph Group, Inc.’s analyst rating as ‘Hold’ with its price target of 30 highlighting a potential increase of 14.29% from Triumph Group, Inc.’s current price of 26.25.
Over the last twelve months Triumph Group, Inc.’s stock price has decreased from 35.6 to 26.25, a change of -26.26%.
Triumph Group, Inc. has 49,573,000 shares in issue which have a share price of 26.25 giving Triumph Group, Inc. a market capitalisation of 1.30B USD.
The company has a 50 day moving average of 25.24 and a 200 day moving average of 26.31. The 52 week high shares of Triumph Group, Inc. have reached is 40.09 whilst the 52 week low for the company’s shares is 22.4.
Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.