Deutsche Bank announced PPG Industries (NYSE:PPG), reducing its stock price target to $100.00 earlier today
- Updated: October 11, 2016
Deutsche Bank dropped the price target of PPG Industries (NYSE:PPG) to $100.00 reporting a possible upside of 0.07%.
Boasting a price of $93.85, PPG Industries (NYSE:PPG) traded 0.13% higher on the day. The last stock price is down -12.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $103.21 and a two hundred day average of $106.84. Volume of trade was up over the average, with 3,251,573 shares of PPG changing hands over the typical 1,486,200
PPG Industries has PE ratio of 17.34 with a 52 week low of $88.37 and a 52 week high of $117.00 and has a market capitalization of $0.
Also covering PPG Industries's target, a total of 18 brokerages have issued a ratings update on the stock. The consensus target price is $124.33 with 6 brokers rating the stock a strong buy, eleven equity analysts rating the stock a buy, 3 firms rating the company a hold, zero analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
About PPG Industries (NYSE:PPG)
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, and specialty coatings and materials businesses. Industrial, automotive OEM, packaging coatings, and specialty coatings and materials products are formulated specifically for the customers' needs and application methods. The Glass segment consists of the flat glass and fiberglass businesses. The Company's brands include SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT and BRISTOL.
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