O-I Glass with ticker code (OI) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 34 and 15 with the average target price sitting at 23.91. Given that the stocks previous close was at 22.3 this would indicate that there is a potential upside of 7.2%. The day 50 moving average is 18.8 while the 200 day moving average is 15.7. The company has a market cap of $3,418m. Visit the company website at: https://www.o-i.com
The potential market cap would be $3,664m based on the market concensus.
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O-I Glass, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.