Kingspan Group plc (OTCMKTS:KGSPY) Receives Consensus Recommendation of “Hold” from Brokerages

Kingspan Group plc (OTCMKTS:KGSPY – Get Rating) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $68.14.

KGSPY has been the subject of a number of research analyst reports. Barclays raised their price target on Kingspan Group from €48.00 ($51.06) to €54.00 ($57.45) and gave the stock an “underweight” rating in a research note on Friday, December 2nd. Exane BNP Paribas lowered Kingspan Group from an “outperform” rating to a “neutral” rating in a research report on Monday, November 28th. Jefferies Financial Group lowered Kingspan Group from a “hold” rating to an “underperform” rating in a research report on Monday, December 5th. UBS Group lowered their price objective on Kingspan Group from €90.00 ($95.74) to €83.00 ($88.30) and set a “buy” rating for the company in a research report on Tuesday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Kingspan Group from €70.00 ($74.47) to €64.00 ($68.09) and set a “hold” rating for the company in a research report on Friday, January 20th.

Kingspan Group Stock Up 1.6 %

Shares of KGSPY stock opened at $66.83 on Monday. The stock has a fifty day moving average of $63.10 and a 200 day moving average of $57.74. Kingspan Group has a 52 week low of $42.30 and a 52 week high of $107.34.

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.