Glanbia (OTCMKTS:GLAPY) Stock Rating Lowered by Zacks Investment Research

Glanbia (OTCMKTS:GLAPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, reports.

According to Zacks, “Glanbia Plc engages in the manufacture and distribution of dairy and nutritional food products. Its operating segments include Glanbia Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures and Associates. Glanbia Performance Nutrition segment comprises of performance nutrition products under the Optimum Nutrition, BSN, Isopure, Nutramino and ABB brands. Global Ingredients segment includes American-style cheddar cheese, micro-nutrient premixes and dairy and non-dairy nutritional solutions. Dairy Ireland segment consists of consumer products and agribusiness. Joint Ventures and Associates segment covers Glanbia Ingredients Ireland, Glanbia Cheese and Southwest Cheese. Glanbia Plc is headquartered in Kilkenny, Ireland. “

Separately, Jefferies Financial Group raised Glanbia from a “hold” rating to a “buy” rating in a report on Friday, September 6th.

OTCMKTS:GLAPY opened at $59.01 on Monday. The stock’s fifty day moving average price is $60.18 and its two-hundred day moving average price is $68.26. Glanbia has a 52-week low of $53.60 and a 52-week high of $107.19. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 0.24.

About Glanbia

Glanbia plc operates as a nutrition company worldwide. It operates through three segments: Glanbia Performance Nutrition, Glanbia Nutritionals, and Glanbia Ireland. The Glanbia Performance Nutrition segment manufactures and sells sports nutrition and lifestyle nutrition products in various formats, including powders, ready-to-eat bars and snacking foods, and ready-to-drink beverages through various channels, such as specialty retail, the Internet, and gyms, as well the food, drug, mass, and club channels.

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