Kingspan Group plc (OTCMKTS:KGSPY – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 300 shares, a decrease of 89.7% from the April 30th total of 2,900 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. raised Kingspan Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.14.
Kingspan Group Stock Performance
OTCMKTS KGSPY remained flat at $66.61 on Thursday. The company’s stock had a trading volume of 417 shares, compared to its average volume of 1,641. The stock’s 50 day simple moving average is $66.45 and its two-hundred day simple moving average is $63.20. Kingspan Group has a 1-year low of $42.30 and a 1-year high of $84.20.
Kingspan Group Increases Dividend
About Kingspan Group
Kingspan Group Plc engages in the manufacture of insulation and building envelopes. It operates through the following segments: Insulated Panels; Insulation Boards; Light and Air; Water and Energy; and Data and Flooring Technology The Insulates Panels segment offers in insulated panels, structural framing, and metal facades.
- Get a free copy of the StockNews.com research report on Kingspan Group (KGSPY)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Kingspan Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingspan Group and related companies with MarketBeat.com's FREE daily email newsletter.