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Prices & Quotes - UK Markets - Kingspan Group (CDI) (KGP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up  96.18
Change Today:
 2.36
Market Cap:
 17,438m
Sector:
Construction & Materials

Take profit on Ferguson, JP Morgan says

By Sean Farrell

Date: Wednesday 02 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Investors should take profit on Ferguson after a strong results season led to upgrades for companies in the sector, JP Morgan said as it downgraded the plumbing and heating company's shares to 'neutral'.
JP Morgan analyst Elodie Rall said the sector was set for a mixed remainder of the year. The third quarter will benefit from pent-up demand from Covid-19 lockdowns but the fourth quarter and beyond are likely to be less buoyant as demand settles down and underlying trends set in.

"We see an opportunity to take profit on some of the stocks that have particularly rerated and where valuation looks full, and we downgrade KSP [Kingspan] and FERG [Ferguson] from OW to N, with both trading significantly above the long-term average, although we would look for any weakness to revisit the story for both stocks," Rall said in a note to clients.

Saint-Gobain replaces Kingspan as Rail's top idea in the sector. The shares are the cheapest in the sector and the company will benefit from a wave of mass renovation proposed in an EU stimulus package, she said.

Ferguson shares rose 2% to 74.40 at 16:13 BST. The shares are up 6.6% in 2020 having dropped to 40.86 on 23 March.





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KGP Market Data

Currency Euro
Price  96.18
Change Today  2.36
52 Week High  97.80
52 Week Low  52.95
Volume 48,928
Shares Issued 181.30m
Market Cap  17,438m
Beta 0.07

Performance Indicators

Compare performance with the sector and the market.

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Income
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 8
Sell 0
Strong Sell 1
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KGP Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Sep-21 25-Mar-21
Paid 08-Oct-21 07-May-21
Amount 19.90¢ 20.60¢

Trades for 22-Oct-2021

Time Volume / Share Price
17:47 16 @  95.42
17:32 39 @  96.16
17:30 40 @  94.72
17:24 118 @  95.56
17:15 4 @  96.18

KGP Key Personnel

CEO Gene M Murtagh
CFO Geoff P Doherty