In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on GCM Grosvenor (GCMG – Research Report), with a price target of $12.00. The company’s shares opened today at $8.51.
Rusch covers the Technology sector, focusing on stocks such as Wolfspeed, Plug Power, and Velodyne Lidar. According to TipRanks, Rusch has an average return of 46.1% and a 56.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GCM Grosvenor with a $9.50 average price target.
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GCMG market cap is currently $1.58B and has a P/E ratio of 17.29.
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CF Finance Acquisition Corp. is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. It intends to focus search on businesses that provide significant opportunities for attractive investor returns. The company was founded on July 9, 2014 and is headquartered in New York, NY.
Read More on GCMG:
- Ethos Real Estate closes $76M purchase of Residences at Woodlake
- Ethos Real Estate Closes Second Multifamily Acquisition as Part of Joint Venture with GCM Grosvenor Programs
- GCM Grosvenor Announces Launch of Sponsor Solutions Effort Focused on Seeding Small, Emerging, and Diverse Private Equity Firms; CalPERS Commits $500 Million to the Strategy
- Caliche Development Partners II Announces its First Acquisitions Following $268 Million Capital Commitment from Orion Infrastructure Capital and GCM Grosvenor