In a report issued on July 8, Ghansham Panjabi from Robert W. Baird maintained a Buy rating on PPG Industries (PPG – Research Report), with a price target of $180.00. The company’s shares closed last Friday at $127.73.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $147.18, which is a 12.2% upside from current levels. In a report issued on June 27, Vertical Research also upgraded the stock to Buy with a $139.00 price target.
The company has a one-year high of $177.32 and a one-year low of $107.06. Currently, PPG Industries has an average volume of 1.53M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pennsylvania-based PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials. It operates through two segments: Performance Coatings and Industrial Coatings.
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