Societe Generale Trims Kingspan Group (OTCMKTS:KGSPY) Target Price to €75.00

Kingspan Group (OTCMKTS:KGSPYGet Rating) had its price objective trimmed by Societe Generale from €120.00 ($126.32) to €75.00 ($78.95) in a research note released on Tuesday morning, The Fly reports.

A number of other research analysts have also weighed in on KGSPY. Morgan Stanley upped their price objective on Kingspan Group from €93.00 ($97.89) to €95.00 ($100.00) and gave the stock an equal weight rating in a report on Tuesday, May 3rd. HSBC raised Kingspan Group from a hold rating to a buy rating in a report on Monday, March 28th. UBS Group lowered their target price on Kingspan Group from €103.00 ($108.42) to €90.00 ($94.74) and set a buy rating on the stock in a report on Tuesday. Berenberg Bank lowered their target price on Kingspan Group from €115.00 ($121.05) to €100.00 ($105.26) and set a buy rating on the stock in a report on Friday, June 10th. Finally, The Goldman Sachs Group initiated coverage on Kingspan Group in a report on Tuesday, June 7th. They issued a buy rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $90.57.

Shares of KGSPY stock opened at $61.33 on Tuesday. The business’s fifty day moving average price is $82.22 and its 200 day moving average price is $96.33. Kingspan Group has a 1-year low of $59.41 and a 1-year high of $126.15.

About Kingspan Group (Get Rating)

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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