Kingspan Group (LON:KGP) Stock Passes Below Two Hundred Day Moving Average of $71.17

Kingspan Group plc (LON:KGPGet Rating)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 71.17 ($0.86) and traded as low as GBX 51.96 ($0.63). Kingspan Group shares last traded at GBX 53.92 ($0.65), with a volume of 5,147 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Kingspan Group in a research report on Friday, August 19th.

Kingspan Group Trading Down 3.5 %

The stock has a market cap of £88.47 million and a P/E ratio of 14.23. The company has a debt-to-equity ratio of 53.90, a current ratio of 1.56 and a quick ratio of 0.94. The business’s 50 day simple moving average is GBX 59.01 and its 200 day simple moving average is GBX 70.97.

Kingspan Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 8th will be paid a €0.26 ($0.26) dividend. This represents a dividend yield of 0.44%. The ex-dividend date is Thursday, September 8th. Kingspan Group’s dividend payout ratio (DPR) is currently 13.46%.

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.

Further Reading

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