Rockwool A/S (OTCMKTS:RKWBF) Upgraded to Buy at Societe Generale

Societe Generale upgraded shares of Rockwool A/S (OTCMKTS:RKWBF – Get Rating) from a hold rating to a buy rating in a research note published on Tuesday morning, The Fly reports.

A number of other brokerages also recently commented on RKWBF. JPMorgan Chase & Co. upgraded Rockwool A/S from an underweight rating to a neutral rating in a research report on Friday, January 27th. Handelsbanken downgraded Rockwool A/S from a buy rating to a hold rating in a research report on Tuesday, February 14th. Finally, Morgan Stanley increased their price objective on Rockwool A/S from 1,550.00 to 1,650.00 and gave the company an equal weight rating in a research report on Friday, November 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $1,717.50.

Rockwool A/S Stock Performance

Shares of OTCMKTS:RKWBF opened at $233.20 on Tuesday. Rockwool A/S has a one year low of $155.00 and a one year high of $471.75. The stock has a fifty day moving average of $252.97 and a 200-day moving average of $217.12.

Rockwool A/S Company Profile

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Rockwool A/S manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. The company operates through two segments, Insulation and Systems segments. It offers fire-safe stone wool insulation under the ROCKWOOL brand name; fire-safe acoustic ceiling tiles and systems under the Rockfon brand name; board materials that are applied in ventilated constructions for facade cladding, roof detailing, soffits, and fascia under the Rockpanel brand name; stone wool growing media and technology solutions for the horticulture industry under the Grodan brand name; and stone wool-based products used in automotive, urban acoustics, and urban climate adaptation applications under the Lapinus brand name.