Kingspan Group (OTCMKTS:KGSPY) Sets New 12-Month High – Still a Buy?

Kingspan Group plc (OTCMKTS:KGSPY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $121.1950 and last traded at $121.1950, with a volume of 4364 shares. The stock had previously closed at $120.3210.

Analyst Ratings Changes

A number of brokerages have weighed in on KGSPY. Zacks Research raised shares of Kingspan Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group raised shares of Kingspan Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kingspan Group has a consensus rating of “Strong Buy”.

Kingspan Group Price Performance

The company has a 50 day simple moving average of $98.33 and a 200 day simple moving average of $93.55.

About Kingspan Group

Kingspan Group plc is a global leader in high-performance insulation and building envelope solutions. Founded in 1965 and headquartered in Kingscourt, Ireland, the company develops, manufactures and supplies a broad range of products designed to improve building energy efficiency, airtightness and overall sustainability. Kingspan’s core offerings include insulated wall, roof and floor panels, rigid insulation boards, and advanced glazing systems, alongside integrated water and energy management technologies such as rainwater harvesting and solar thermal solutions.

Over the decades, Kingspan has expanded its expertise beyond insulation, adding innovative façade systems, structural framing, and daylighting solutions to its portfolio.