Continental Building Products (NYSE:CBPX) had its price target lifted by Royal Bank of Canada to $37.00 in a research report released on Wednesday morning, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the construction company’s stock.
A number of other equities analysts have also recently issued reports on the company. ValuEngine raised Continental Building Products from a hold rating to a buy rating in a report on Friday, November 8th. Zacks Investment Research raised Continental Building Products from a sell rating to a hold rating in a report on Friday, October 11th. Exane BNP Paribas began coverage on Continental Building Products in a report on Wednesday, October 9th. They issued an outperform rating for the company. Finally, BNP Paribas began coverage on Continental Building Products in a report on Wednesday, October 9th. They issued an outperform rating for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Continental Building Products presently has an average rating of Buy and a consensus target price of $36.00.
Shares of CBPX stock traded up $0.18 during mid-day trading on Wednesday, reaching $36.44. The stock had a trading volume of 1,360,734 shares, compared to its average volume of 1,095,153. The firm’s 50 day simple moving average is $29.22 and its 200 day simple moving average is $26.06. The company has a quick ratio of 3.65, a current ratio of 4.56 and a debt-to-equity ratio of 0.75. Continental Building Products has a one year low of $21.35 and a one year high of $36.50. The firm has a market cap of $1.26 billion, a PE ratio of 20.14, a P/E/G ratio of 4.36 and a beta of 1.32.
Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Continental Building Products in the 2nd quarter worth approximately $49,000. Aperio Group LLC acquired a new stake in Continental Building Products during the 2nd quarter valued at $76,000. Tower Research Capital LLC TRC acquired a new stake in Continental Building Products during the 3rd quarter valued at $123,000. First Mercantile Trust Co. increased its holdings in Continental Building Products by 8.1% during the 3rd quarter. First Mercantile Trust Co. now owns 4,583 shares of the construction company’s stock valued at $125,000 after purchasing an additional 343 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Continental Building Products during the 2nd quarter valued at $206,000. 98.66% of the stock is owned by institutional investors and hedge funds.
About Continental Building Products
Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.
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