Kingspan Group (OTCMKTS:KGSPY) PT Lowered to €75.00

Kingspan Group (OTCMKTS:KGSPY – Get Rating) had its target price lowered by equities researchers at Societe Generale from €120.00 ($126.32) to €75.00 ($78.95) in a research report issued to clients and investors on Tuesday, The Fly reports.

KGSPY has been the topic of several other reports. UBS Group decreased their price target on shares of Kingspan Group from €103.00 ($108.42) to €90.00 ($94.74) and set a “buy” rating on the stock in a research note on Tuesday. Berenberg Bank decreased their price target 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 note on Friday, June 10th. The Goldman Sachs Group initiated coverage on shares of Kingspan Group in a research report on Tuesday, June 7th. They set a “buy” rating for the company. Morgan Stanley raised their price objective on shares of Kingspan Group from €93.00 ($97.89) to €95.00 ($100.00) and gave the stock an “equal weight” rating in a research report on Tuesday, May 3rd. Finally, HSBC upgraded shares of Kingspan Group from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kingspan Group has a consensus rating of “Moderate Buy” and a consensus target price of $92.57.

KGSPY traded down $9.32 during midday trading on Tuesday, hitting $62.71. 8,786 shares of the company traded hands, compared to its average volume of 5,592. The business has a 50 day simple moving average of $83.50 and a two-hundred day simple moving average of $96.97. Kingspan Group has a 52-week low of $62.26 and a 52-week 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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