Gestamp Automoción Reports Related Party Transactions with Acek Group

Gestamp Automocion ( (ES:GEST) ) has shared an update.

Gestamp Automoción announced transactions with its related party, Acek Group, which exceeded the regulatory threshold of 2.5% of annual turnover. These transactions, involving services provided and received, were deemed market-based and compliant with applicable regulations, reflecting Gestamp’s adherence to transparency and regulatory standards.

The most recent analyst rating on (ES:GEST) stock is a Hold with a EUR2.90 price target. To see the full list of analyst forecasts on Gestamp Automocion stock, see the ES:GEST Stock Forecast page.

More about Gestamp Automocion

Gestamp Automoción, S.A. operates in the automotive sector, focusing on the manufacture and commercialization of metal parts and components. The company is part of the Gestamp Group, which engages in related activities through its subgroups, including the production of metal products and structures for renewable energies.

Average Trading Volume: 613,474

Technical Sentiment Signal: Buy

Current Market Cap: €1.62B

For a thorough assessment of GEST stock, go to TipRanks’ Stock Analysis page.