PPG Industries, Inc. (NYSE:PPG) has been downgraded to Hold in a report by Deutsche Bank AG today.
- Updated: October 10, 2016
Having a price of $93.85, PPG Industries, Inc. (NYSE:PPG) traded 0.13% higher on the day. With the last stock price down -12.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. PPG Industries, Inc. 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
Deutsche Bank AG has downgraded PPG Industries, Inc. (NYSE:PPG) to Hold in a report released on 10/10/2016.
PPG Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $117.00 with a P/E ratio of 17.34 The company’s market cap is currently $0.
In addition to Deutsche Bank AG reporting its stock price target, a total of 18 brokers have released a ratings update on PPG. The one year target is $124.33 with six analysts rating the company a strong buy, eleven equity analysts rating the company a buy, three brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
About PPG Industries, Inc. (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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