HSBC cut shares of Kingspan Group (OTCMKTS:KGSPF) from a buy rating to a hold rating in a research report released on Wednesday morning, The Fly reports.
A number of other research analysts also recently issued reports on the company. UBS Group downgraded Kingspan Group from a neutral rating to a sell rating in a report on Friday, April 17th. Societe Generale downgraded Kingspan Group from a buy rating to a hold rating in a report on Monday, July 13th.
KGSPF opened at $65.10 on Wednesday. Kingspan Group has a 12 month low of $46.84 and a 12 month high of $69.90. The business’s 50-day moving average price is $62.55 and its 200-day moving average price is $57.13.
Kingspan Group plc, together with its subsidiaries, provides building solutions for the construction sector in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation Boards, Light & Air, Water & Energy, and Data & Flooring Technology.
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