General Motors (GM, Financial) is preparing to halt operations at its CAMI Assembly facility located in Ingersoll, Ontario, Canada. The announcement was made to employees today, as confirmed by multiple sources.
Details regarding the duration of the shutdown remain uncertain, leaving open the possibility that it could either be a temporary pause or a permanent cessation of activities. The company has not provided specific information on the reasons behind this decision or its long-term implications for the plant and its workforce.
This development adds a layer of uncertainty for the employees of the CAMI Assembly plant and the surrounding community, as they await further announcements from General Motors regarding their operational plans and employee implications.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for General Motors Co (GM, Financial) is $57.95 with a high estimate of $105.00 and a low estimate of $34.00. The average target implies an upside of 33.98% from the current price of $43.26. More detailed estimate data can be found on the General Motors Co (GM) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, General Motors Co's (GM, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for General Motors Co (GM, Financial) in one year is $57.80, suggesting a upside of 33.63% from the current price of $43.255. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the General Motors Co (GM) Summary page.
