Kingspan Group (OTCMKTS:KGSPY) Price Target Cut to €66.00 by Analysts at JPMorgan Chase & Co.

Kingspan Group (OTCMKTS:KGSPYGet Rating) had its price objective cut by JPMorgan Chase & Co. from €99.00 ($101.02) to €66.00 ($67.35) in a report published on Tuesday morning, The Fly reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group started coverage on shares of Kingspan Group in a research note on Tuesday, June 7th. They set a buy rating for the company. UBS Group cut their price target on Kingspan Group from €103.00 ($105.10) to €90.00 ($91.84) and set a buy rating on the stock in a research report on Tuesday, June 21st. Berenberg Bank decreased their price objective on Kingspan Group from €100.00 ($102.04) to €86.00 ($87.76) in a report on Wednesday, June 22nd. Jefferies Financial Group lowered Kingspan Group from a buy rating to a hold rating in a report on Tuesday, August 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Kingspan Group from €110.00 ($112.24) to €70.00 ($71.43) and set a hold rating for the company in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kingspan Group presently has an average rating of Hold and a consensus target price of $81.75.

Kingspan Group Stock Down 7.3 %

Kingspan Group stock opened at $57.72 on Tuesday. The stock has a 50-day moving average price of $60.40 and a 200 day moving average price of $77.14. Kingspan Group has a 52 week low of $51.88 and a 52 week high of $126.15.

Kingspan Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 9th will be paid a dividend of $0.1663 per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 0.59%.

Kingspan Group Company Profile

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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.

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