Kingspan Group

Well positioned to close out a decade of real progress

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 3748c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



Kingspan remains a stand-out and a top pick of ours in the European building materials sector. Results for 2018, due on February 22nd, will confirm an eighth consecutive year of double-digit earnings growth. The operational outlook for the group on balance remains reasonable, and there is also the potential to deploy a de-leveraging balance sheet. Kingspan warrants a premium multiple and we are confident the stock can once again outperform. Our price target is €45.50, giving upside of over 20%.

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Feb 12 2019, 06:30 GMT