Kingspan Group

Plenty to play for, plenty to play with

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 6055c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



Headline forecast adjustments for Kingspan are relatively modest: for example, we increase our 2021 trading profit estimate by 2%. But a great start to the year, a soft comparator for much of Q2, and hints of a pick-up in deal flow suggest there could be more to come. We believe governance and related issues have been dealt with credibly; the focus can now return to the many attractions of the investment case. The rating pull-back makes the valuation interesting, especially given the upside risk to forecasts. Our view is that the stock can start outperforming once again.

Download full report with analyst certification and important disclosures

Mar 1 2021, 06:30 GMT