Kingspan Group (OTCMKTS:KGSPY) Upgraded to Overweight by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Kingspan Group (OTCMKTS:KGSPY – Get Rating) from a neutral rating to an overweight rating in a report published on Wednesday, The Fly reports.

Several other brokerages have also weighed in on KGSPY. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kingspan Group from €70.00 ($74.47) to €64.00 ($68.09) and set a hold rating for the company in a report on Friday, January 20th. Morgan Stanley decreased their price target on shares of Kingspan Group from €68.00 ($72.34) to €66.00 ($70.21) and set an equal weight rating for the company in a report on Tuesday, November 8th. Berenberg Bank decreased their price target on shares of Kingspan Group from €83.00 ($88.30) to €73.00 ($77.66) in a report on Wednesday, November 9th. Jefferies Financial Group lowered shares of Kingspan Group from a hold rating to an underperform rating in a report on Monday, December 5th. Finally, Barclays lifted their price target on shares of Kingspan Group from €48.00 ($51.06) to €54.00 ($57.45) and gave the company an underweight rating in a report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $68.14.

Kingspan Group Price Performance

Shares of KGSPY stock opened at $68.85 on Wednesday. Kingspan Group has a 1-year low of $42.30 and a 1-year high of $107.34. The firm has a fifty day moving average of $64.04 and a two-hundred day moving average of $57.94.

About Kingspan Group

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Kingspan Group Plc engages in the manufacture of insulation and building envelopes. It operates through the following segments: Insulated Panels; Insulation Boards; Light and Air; Water and Energy; and Data and Flooring Technology The Insulates Panels segment offers in insulated panels, structural framing, and metal facades.