Kingspan Group (LON:KGP) Share Price Passes Above Two Hundred Day Moving Average of $55.74

Kingspan Group plc (LON:KGP – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.74 ($0.68) and traded as high as GBX 62.90 ($0.77). Kingspan Group shares last traded at GBX 62.90 ($0.77), with a volume of 1,346 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Kingspan Group in a research note on Tuesday, February 21st.

Kingspan Group Trading Up 4.2 %

The company has a debt-to-equity ratio of 70.26, a quick ratio of 0.94 and a current ratio of 1.78. The business has a 50-day simple moving average of GBX 60.73 and a two-hundred day simple moving average of GBX 55.74. The stock has a market cap of £114.37 million, a price-to-earnings ratio of 19.78 and a beta of 0.86.

Kingspan Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Thursday, April 13th will be given a dividend of €0.24 ($0.26) per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Thursday, April 13th. Kingspan Group’s dividend payout ratio (DPR) is currently 1,540.88%.

About Kingspan Group

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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.