GCP Applied Technologies Inc. (GCP) Reaches New 52-Week High at $29.68
GCP Applied Technologies Inc. (NYSE:GCP)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $29.68 and last traded at $29.23, with a volume of 81,782 shares traded. The stock had previously closed at $28.98.
A number of equities analysts recently commented on GCP shares. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. KeyCorp started coverage on GCP Applied Technologies in a research note on Monday, May 16th. They issued a “sector weight” rating for the company. CL King started coverage on GCP Applied Technologies in a research note on Wednesday, June 29th. They issued a “buy” rating for the company. Finally, Northcoast Research started coverage on GCP Applied Technologies in a research note on Wednesday, June 29th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.00.
The company has a market capitalization of $2.06 billion and a P/E ratio of 52.71. The company’s 50-day moving average price is $27.74 and its 200 day moving average price is $23.22.
GCP Applied Technologies (NYSE:GCP) last released its earnings results on Wednesday, August 10th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. Analysts predict that GCP Applied Technologies Inc. will post $1.49 EPS for the current year.
GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).
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