Kingspan Group

Model update: yes, another upgrade

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 8254c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



We still have to reach half-way but our latest Kingspan forecast revision leaves the trading profit forecast for 2021 over 20% above the start of year position. The latest double-digit earnings upgrade provides further compelling proof that the group is dealing impressively with the spike in input costs. Despite the scale of the revision, the implied assumptions for H2 do not appear overly onerous after what has been a terrific first half. The stock is back at its all-time peak level, but we continue to have high conviction in our ‘Outperform’ recommendation.

Download full report with analyst certification and important disclosures

Jun 24 2021, 06:45 IST/BST