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A statement released earlier today by Seaport Global about Installed Building Products (NYSE:IBP) bumps the target price to $52.00

Just yesterday Installed Building Products (NYSE:IBP) traded 0.84% higher at $40.85. IBP’s 50-day average is $35.94 and its two hundred day average is $34.77. With the last stock price close up 21.50% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 108,063 shares of the stock were exchanged, down from an average trading volume of 214,205

Seaport Global increased the stock price target of Installed Building Products (NYSE:IBP) to $52.00 indicating a possible upside of 0.27%.

Previously on Wednesday November 16, 2016, RBC Capital Markets reported about Installed Building Products (NYSE:IBP) raised the target price from $40.00 to $45.00. At the time, this indicated a possible upside of 0.14%.

See Chart Below

Installed Building Products (NYSE:IBP)

Installed Building Products has a 52 week low of $17.60 and a 52 week high of $42.25 with a P/E ratio of 36.11 The company’s market cap is currently $0.

In addition to Seaport Global reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $34.57 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Installed Building Products (NYSE:IBP)

Installed Building Products, Inc. is a holding company. The Company is a residential insulation installer in the United States. The Company's national platform consists of over 100 locations accessing customers in approximately 50 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities to supplement the insulation installation business. The Company manages various aspects of the installation process for the customers, from the direct purchase and receipt of materials from national manufacturers, to supply of materials to job sites and quality installation. The Company handles various stages of the installation process, including material procurement, project scheduling and logistics, multi-phase professional installation and field quality inspection.

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