GCP Applied Technologies Inc. (GCP) Reaches New 1-Year High at $30.12
GCP Applied Technologies Inc. (NYSE:GCP)’s share price reached a new 52-week high on Friday . The company traded as high as $30.12 and last traded at $29.77, with a volume of 125,415 shares. The stock had previously closed at $29.69.
GCP has been the topic of a number of recent analyst reports. CL King initiated coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating on the stock. Northcoast Research initiated coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating on the stock. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Finally, KeyCorp initiated coverage on GCP Applied Technologies in a research report on Monday, May 16th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.00.
The stock’s 50 day moving average is $28.17 and its 200-day moving average is $23.70. The stock has a market cap of $2.11 billion and a price-to-earnings ratio of 53.96.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly 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. On average, equities research analysts predict that GCP Applied Technologies Inc. will post $1.49 earnings per share 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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