Kingspan Group plc (OTCMKTS:KGSPY) Receives Average Rating of “Reduce” from Analysts

Kingspan Group plc (OTCMKTS:KGSPY) has earned an average rating of “Reduce” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of research analysts have commented on KGSPY shares. JPMorgan Chase & Co. downgraded shares of Kingspan Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 13th. Societe Generale cut shares of Kingspan Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th.

Kingspan Group Trading Down 0.9 %

KGSPY stock opened at $69.95 on Wednesday. The company has a fifty day simple moving average of $73.65 and a two-hundred day simple moving average of $72.67. Kingspan Group has a 52 week low of $47.35 and a 52 week high of $85.78.

Kingspan Group Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, September 8th were issued a dividend of $0.1878 per share. This is a positive change from Kingspan Group’s previous dividend of $0.17. The ex-dividend date was Thursday, September 7th.

Kingspan Group Company Profile

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through six segments: Insulated Panels, Insulation, Light + Air, Water + Energy, Data + Flooring, and Roofing + Waterproofing.