UBS Group Trims Kingspan Group (OTCMKTS:KGSPY) Target Price to €90.00

Kingspan Group (OTCMKTS:KGSPYGet Rating) had its price objective lowered by UBS Group from €103.00 ($108.42) to €90.00 ($94.74) in a research note issued to investors on Tuesday morning, The Fly reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Kingspan Group in a research report on Tuesday, June 7th. They set a buy rating on the stock. HSBC upgraded shares of Kingspan Group from a hold rating to a buy rating in a research report on Monday, March 28th. Morgan Stanley raised their price objective on shares of Kingspan Group from €93.00 ($97.89) to €95.00 ($100.00) and gave the company an equal weight rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. raised their price objective on shares of Kingspan Group from €102.00 ($107.37) to €103.00 ($108.42) in a research report on Tuesday, May 3rd. Finally, Berenberg Bank lowered their price objective on shares of Kingspan Group from €115.00 ($121.05) to €100.00 ($105.26) and set a buy rating on the stock in a research report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $90.57.

OTCMKTS KGSPY opened at $61.33 on Tuesday. Kingspan Group has a 1 year low of $59.41 and a 1 year high of $126.15. The company’s 50 day simple moving average is $82.22 and its two-hundred day simple moving average is $96.33.

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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