Zacks: Libbey, Inc. (LBY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Libbey, Inc. (NASDAQ:LBY) have been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.

Brokerages have set a 12 month consensus price objective of $10.00 for the company and are forecasting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Libbey an industry rank of 183 out of 257 based on the ratings given to related companies.

Separately, Dougherty & Co raised shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, August 1st.

Libbey stock opened at $6.45 on Tuesday. Libbey has a fifty-two week low of $4.60 and a fifty-two week high of $11.54.

Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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