Kingspan Group plc (OTCMKTS:KGSPY) Given Average Recommendation of “Buy” by Analysts

Kingspan Group plc (OTCMKTS:KGSPYGet Rating) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $102.60.

KGSPY has been the subject of several recent research reports. UBS Group raised shares of Kingspan Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 26th. Morgan Stanley upped their price objective on shares of Kingspan Group from €93.00 ($96.88) to €95.00 ($98.96) and gave the company an “equal weight” rating in a research note on Tuesday, May 3rd. Berenberg Bank decreased their price target on shares of Kingspan Group from €119.00 ($123.96) to €115.00 ($119.79) in a research note on Tuesday, January 18th. Credit Suisse Group decreased their price target on shares of Kingspan Group from €119.00 ($123.96) to €115.00 ($119.79) in a research note on Wednesday, January 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kingspan Group from €102.00 ($106.25) to €103.00 ($107.29) in a research note on Tuesday, May 3rd.

Kingspan Group stock traded up $1.43 during mid-day trading on Tuesday, hitting $80.86. The company’s stock had a trading volume of 2,342 shares, compared to its average volume of 5,430. The business has a 50 day moving average price of $94.59 and a 200-day moving average price of $103.91. Kingspan Group has a 12 month low of $76.48 and a 12 month high of $126.15.

Kingspan Group Company Profile (Get Rating)

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation, Light & Air, Water & Energy, and Data & Flooring.

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Analyst Recommendations for Kingspan Group (OTCMKTS:KGSPY)

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