Green Plains Renewable Energy Stock Rating Lowered by Zacks (GPRE)

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Zacks cut shares of Green Plains Renewable Energy (NASDAQ: GPRE) from an outperform rating to a neutral rating in a research note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has $17.30 price target on the stock.

Zacks has also updated their ratings on a number of other basic materials stocks in the last week. The firm upgraded shares of Kronos Worldwide from an underperform rating to a neutral rating. The firm now has a $16.60 price target on that stock. Also, Zacks upgraded shares of OM Group from a neutral rating to an outperform rating. Zacks now has a $31.70 price target on that stock.

Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Green Plains Renewable Energy from $13.00 to $17.00 in a research note to investors on Thursday, May 2nd. They now have an outperform rating on the stock. Analysts at Imperial Capital raised their price target on shares of Green Plains Renewable Energy from $10.00 to $15.00 in a research note to investors on Thursday, May 2nd. They now have an outperform rating on the stock.

Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $15.46.

Shares of Green Plains Renewable Energy (NASDAQ: GPRE) traded up 0.57% during mid-day trading on Friday, hitting $15.79. Green Plains Renewable Energy has a one year low of $3.57 and a one year high of $12.40. The stock’s 50-day moving average is currently $11.27. The company has a market cap of $475.5 million and a P/E ratio of 17.50.

Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) is organised to construct and operate dry mill, fuel-grade ethanol production facilities.

To view Zacks’ full report, visit www.zacks.com

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