Green Plains Inc. (NASDAQ:GPRE – Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $8.65 and last traded at $8.94, with a volume of 96328 shares traded. The stock had previously closed at $8.93.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on GPRE. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.44.
View Our Latest Analysis on Green Plains
Green Plains Stock Performance
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in GPRE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains during the second quarter worth about $41,000. Van ECK Associates Corp raised its holdings in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 2,717 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Green Plains in the third quarter worth approximately $52,000. nVerses Capital LLC purchased a new stake in shares of Green Plains during the third quarter worth $65,000. Finally, KBC Group NV boosted its position in Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares during the last quarter.
About Green Plains
Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.
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