PPG Industries (NYSE:PPG) target price lowered to $106.00, reported today by RBC Capital
- Updated: October 10, 2016
Just yesterday PPG Industries (NYSE:PPG) traded 0.13% higher at $93.85. PPG Industries’s 50-day average is $103.21 and its two hundred day average is $106.84. With the last stock price down -12.16% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 3,251,573 shares of PPG changing hands over the typical 1,486,200
Stating a potential upside of 0.13%, RBC Capital dropped the price target of PPG Industries (NYSE:PPG) to $106.00
PPG Industries has PE ratio of 17.34 with a one year low of $88.37 and a one year high of $117.00 and has a market capitalization of $0.
A total of 18 analysts have released a research note on PPG. Six analysts rating the company a strong buy, eleven brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $124.33.
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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