PPG Industries, Inc. (NYSE:PPG) has been downgraded to Hold in a statement by TheStreet earlier today.
- Updated: November 26, 2016
TheStreet has downgraded PPG Industries, Inc. (NYSE:PPG) to Hold in a statement released on 11/21/2016.
On 1/22/2016, Deutsche Bank released a statement about PPG Industries, Inc. (NYSE:PPG) bumped down the target price from $110.00 to $105.00. At the time, this indicated a possible upside of 0%.
Yesterday PPG Industries, Inc. (NYSE:PPG) traded 0.55% higher at $96.62. PPG Industries, Inc.’s 50-day moving average is $94.05 and its 200-day moving average is $102.69. The last closing price is down -4.45% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Volume of trade was down over the average, with 482,559 shares of PPG changing hands under the typical 1,826,870
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PPG Industries, Inc. has 52 week low of $88.37 and a 52 week high of $117.00 with a price-earnings ratio of 31.17 and has a total market value of $0.
A total of 18 equity analysts have released a ratings update on PPG. 6 brokers rating the stock a strong buy, 11 firms rating the stock a buy, 3 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the company a sell with a one year target of $124.33.
Brief Synopsis 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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